Tax exemptions no tds deducted

I am assuming that your income pertains to Assessment year 2009-10 and your total salary is Rs. 300000 out of which you have made investment of Rs. 120000.

In Assessment Year 2009-10 the slab rate were as follows for resident individual man who was not a senior citizen

First Rs. 150000     Nil

Next Rs. 150000    10%

Next Rs. 200000     20% 

Above Rs. 500000  30%

In your case 

Gross income                           Rs. 300000

Less: Deduction u/s 80C            Rs. 100000

Taxable Income                         Rs. 200000

So tax should have been @ 10% on Rs. 50000 i.e. 5000 plus education @ 3% of tax which should have been Rs. 150.

Total tax amount should have been Rs. 5150

Regards,

for any further query you may contact further 

Thank you CA Mishra. My company did not deduct any tax in my salary slip. Can I pay this tax now Also is income in 2008 taxable at slab rates of 2008 or 2009. According to tax slabs income upto 1.20 was exempted in 2008.