How to calculate taxable income

Hi

Refer this link: https://finotax.com/itax/tdscalc.htm

Thanks//VaibhavJ

@ vaibhav ji

I am confused regarding  Total Estimated Income for Financial Year 2012-13   

at  https://finotax.com/itax/tdscalc.htm

please cleared

Assuming you are not going to submit Medical reimbursement & you will be working for 12 months:

Taxable Gross Salary = 22,950 (23750-800 Exempt Transport Allowance p.m.)

Less PF (80C) = Rs. 1,440

Net Taxable Monthly Salary= Rs.21,510/=

Annual Income = Rs.258120

Less: Income not Taxable = Rs. 200000

Net Taxable=Rs.58120

Tax @ 10.3% = Rs. 5986

Less Rebate (87A) = Rs. 2000

Net Tax payable Rs. 3,986.

Thanks//VaibhavJ