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Applicability of income-tax slab

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 June 2013 I would like to know applicability of Income-Tax Slab.is it applicable on gross income or taxable income of an Individual.
like someone has gross income 12Lac annually but his taxable Income is 8Lac so what will be Tax rate 20% or 30% ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
05 June 2013 Tax and tax rate is based on 'taxable income'.

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