student
229 Points
Joined December 2011
I. Individual resident below 60 years of age (i.e. born on or after 1st April 1953) or any NRI / HUF / AOP / BOI / AJP *
i. Income-tax:
|
Income Slabs |
Income Tax Rate |
i. |
Where the total income does not exceed Rs. 2,00,000/-. |
NIL |
ii. |
Where the total income exceeds Rs. 2,00,000/- but does not exceed Rs. 5,00,000/-. |
10% of amount by which the total income exceeds Rs. 2,00,000/- |
iii. |
Where the total income exceeds Rs. 5,00,000/- but does not exceed Rs. 10,00,000/-. |
Rs. 30,000/- + 20% of the amount by which the total income exceeds Rs. 5,00,000/-. |
iv. |
Where the total income exceeds Rs. 10,00,000/-. |
Rs. 130,000/- + 30% of the amount by which the total income exceeds Rs. 10,00,000/-. |
ii. Surcharge: Nil
iii. Education Cess: 3% of the Income Tax.
means u have to pay Tax i.e. Rs.2,99,870.
And even u have to pay tax also , if u have not deposited the tax within stipulated time period.
Regards,
Harish Bansal