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Tds on salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 March 2012 Iam an employee age 51 years.
My salary is as follows.
Salary recd --- Rs.720000/-
Less: P.T ---- Rs. 2500/-
Less: Transport allowance Rs.9600
--------------
net Rs.707900/-
I have not the following
No investment
No rent paid
No Education fees
No Mediclaim
No Housing loan

Please let me know the tax liability of my salary income.
Please be specific with the slab
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Guest

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Guest (Expert)
01 March 2012 Tax will be calculated as follows- 0 to 180000 - nil 180001 to 500000 - 10% 500001 to 800000 - 20% 800001 and above - 30%
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anurag

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anurag (Expert)
02 March 2012 form 16 will be having all the details.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
08 April 2012 Rate has been given by the expert but you have not given other details about your investment and PF HRA etc. So calculate on gross salary as per slab given by the expert
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