Hello,
I will be joining a new organisation soon. Can someone help me with tax calculation on proposed salary. Also want to know how much effectively will i get in hand. Please help.
Regards,
Ssaavi
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Tax calculation
Replies (3)
Insufficient Information.
Tax slabs
upto 200,000/- income there is no tax
between 200,001 to 500,000/- income, there is 10% tax
between 500,001 to 10,00,000/- income, there is 20% tax
above 10,00,000/- income, there is 30% tax
In addition to above, 3% cess is to be added in the tax.
Income from Salary....
|
Total Salary/Pension as per Form 16 ( Excl. all exempt / non-exempt allow., perquisites & profit in lieu of salary )
|
xxxx |
|
Allowances Exempt under Section 10 ( Not to be added to Total Income from Salary chargeable to Income Tax )
|
xxxx |
|
Add : Allowances not exempt
|
|
|
Add : Value of Perquisites and / or Fringe Benefits
|
xxxx |
|
Add : Profits in lieu of Salary
|
xxxx |
|
Gross Taxable Income
|
xxxx |
|
Less: Deduction U/S 80 {ANY}
|
xxxx |
| Income from Salary | xxxx |
|
Tax Slabs for ay 14-15 for Resident (below 60 years) (FY 2013-14) |
||
|
1 |
Up to Rs 2,00,000 |
No tax / exempt |
|
2 |
2,00,001 to 5,00,000 |
10% |
|
3 |
5,00,001 to 10,00,000 |
20% |
|
4 |
Above 10,00,000 |
30% |
thanks
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