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how tax is calculated?
eg: sal is 6 lks per annum means how much % tax we should pay?
Replies (3)
is it gross salary ..?? just refer Form 16A how much TDS have been deducted ..!
apply Income slab rates for computation ie
up to 2.5L. Nil
2.5 to 5L. 10%
5L to. 10 L. 20 %
above 10L. 30%
(For AY 17-18)
apply Income slab rates for computation ie
up to 2.5L. Nil
2.5 to 5L. 10%
5L to. 10 L. 20 %
above 10L. 30%
(For AY 17-18)
Refer ur form 16 for salary income not 16A.
https://youtu.be/bTrhqjt1uw0
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