Incerement in income
This query is : Resolved
20 April 2015
SAY I'M SALARIED PERSON AND MY SALARY SAY RS.10000000(1 CR) (NO ANY OTHER DETAIL ) TOTAL TAX (NET) 2909750 (WITHOUT INTEREST)(A.Y. 2015-16)
NOW , IT IS INCREASED TO 10400000 AFTER HALF YEAR THEN MY TOTAL TAX WILL BE 3321750
MY TOTAL INCREASED INCOME 400000
TOTAL INCREASED TAX (412000)
NET LOSS 12000
SO, PLEASE TELL HOW MY INCREAMENT HELPFULL TO ME
NOW , IT IS INCREASED TO 10400000 AFTER HALF YEAR THEN MY TOTAL TAX WILL BE 3321750
MY TOTAL INCREASED INCOME 400000
TOTAL INCREASED TAX (412000)
NET LOSS 12000
SO, PLEASE TELL HOW MY INCREAMENT HELPFULL TO ME
20 April 2015
While allowing marginal relief education cess not considered that is why the net loss.
When future increments comes it will be at some point of time beneficial.
When future increments comes it will be at some point of time beneficial.
20 April 2015
Increment will be helpful in the long run when marginal relief is broken based on further increments.
20 April 2015
THAT MEANS
PRESENT TAX SYSTEM IS INDIRECTY DEMOTIVE ME AT INITIAL STAGE
PRESENT TAX SYSTEM IS INDIRECTY DEMOTIVE ME AT INITIAL STAGE
20 April 2015
Actually your mind set is negative.... you are looking at one level....In few cases yes it became harsh but mostly its useful to deduct your tax liability
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