Income from salary

If a person's annual income is 7,20,000. Then how much income tax is to be paid by him?
Replies (2)
If a person's annual income is 5,20,000. Then how much income tax is to be paid by him?and how to calculate
The above person is Indian Citizen whose age is below 60 years.The Tax slab rates would be
Income up to 2.5 lacks - Nil
2.5 Lakhs to 5 lacks - 5%
5 lakhs to 10 lakhs - 20%
above 10 lakhs - 30%
For Assessment year 2018-19 education cess is 3%
I assume the person age is below 60 years and the tax payable for Rs.7,20,000 income would be Rs.58,195
And the same for Rs.5,20,000 income tax payable would be Rs.16,995.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details