Salaried Person
This query is : Resolved
Vishnu Davadaparmar
(Querist)
08 August 2010
Dear All
Please help me i am confused in income tax slab based calculation.
Pl give me example of taxable income of 500000 with slab wise detais of income tax calculation For Assesment year 2010-11
please
Vishnu
Please help me i am confused in income tax slab based calculation.
Pl give me example of taxable income of 500000 with slab wise detais of income tax calculation For Assesment year 2010-11
please
Vishnu
CMA Ramesh Krishnan
(Expert)
08 August 2010
If you are taxable income is Rs.500000
First Rs.160000- nil
from 160001 to 300000- 10 % - is Rs.14000
from 300001 to 500000- 20 % - is Rs.40000
Total Rs. 54000 plus 3 % e.cess Rs.1620
So total tax liabiity Rs. 55620 for the AY 2010-11
First Rs.160000- nil
from 160001 to 300000- 10 % - is Rs.14000
from 300001 to 500000- 20 % - is Rs.40000
Total Rs. 54000 plus 3 % e.cess Rs.1620
So total tax liabiity Rs. 55620 for the AY 2010-11
Murtaza I Bhagat
(Expert)
08 August 2010
yes, rs. 55620/-
Guest
Guest
(Expert)
08 August 2010
yes correct
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