@ MUKUL
TI 422000/- FOR A.Y. 2007-08
UP TO 100000/- NIL
100000 TO 150000 10% OF( TI -100000)
150000 TO 250000 5000+20 @ OF (TI -150000) +2% OF TAX EDUCATION CESS
250000-1000000 25000+30% OF (TI-250000) +2% OF TAX AS EDUCATION CESS
ABOVE 10LAKHS 250000+30% OF (TI-1000000) +10OF TAX AS SURCHARGE +2% OF TAX AS EDUCATION CESS
SO TAX ON 422000/- FOR A.Y.2007-2008 INDIVIDUAL OTHER THEN WOMEN AND SENIOR CITIZEN
IS 25000+30%(422000-250000) +2 OF AMOUNT OF TAX
25000+51600=76600+2% OF 76600 I..E.1532
TAX AMOUNT IS RS. 78132
NARINDER
CAclubindia
