srinaren
16

Hi,
The income tax slabs have been revised in the budget. The following are the slabs:
Income upto Rs.1.6 lakh - Nil
Income above Rs.1.6 lakh and upto Rs.5 lakh - 10 per cent
Income above Rs.5 lakh and upto Rs.8 lakh - 20 per cent
Income above Rs.8 lakh - 30 per cent
Now friends, suppose a person draws a salary of Rs. 12,00,000 per annum, can any body work out the tax liability taking into consideration ( and ofcourse mentioning) the concessions available under different sections.
-Srinaren

From India, Bangalore
mayuri.jangam
Dear Sir,
Kindly let me know the detailed income tax slabs. Like for the working women how much income tax is liable, for man, for small scale industries and large industries
Thanksand regards,
Mayuri Jangam.

From India, Mumbai
nikki_42832005
Income Tax Rates/Slabs for A.Y. (2010-11)
Slab (Rs.) Tax (Rs.)
less than 1,60,000 Nil
1,60,000 to 3,00,000 (TI – 1,60,000) * 10%
3,00,000 to 5,00,000 14,000 + (TI – 3,00,000) * 20%
Greater than 5,00,000 54,000 + (TI – 5,00,000) * 30%
Women aged 65 years or less
Slab (Rs.) Tax (Rs.)
less than 1,90,000 Nil
1,90,000 to 3,00,000 (TI – 1,90,000) * 10%
3,00,000 to 5,00,000 11,000 + (TI – 3,00,000) * 20%
Greater than 5,00,000 51,000 + (TI – 5,00,000) * 30%
Senior Citizens (Individuals aged above 65 years)
Slab (Rs.) Tax (Rs.)
less than 2,40,000 Nil
2,40,000 to 3,00,000 (TI – 2,40,000) * 10%
3,00,000 to 5,00,000 6,000 + (TI – 3,00,000) * 20%
Greater than 5,00,000 46,000 + (TI – 5,00,000) * 30%

From India, Calcutta
nikki_42832005
Income Tax Rates/Slabs for A.Y. (2010-11)
Slab (Rs.) Tax (Rs.)
less than 1,60,000 Nil
1,60,000 to 3,00,000 (TI – 1,60,000) * 10%
3,00,000 to 5,00,000 14,000 + (TI – 3,00,000) * 20%
Greater than 5,00,000 54,000 + (TI – 5,00,000) * 30%
Women aged 65 years or less
Slab (Rs.) Tax (Rs.)
less than 1,90,000 Nil
1,90,000 to 3,00,000 (TI – 1,90,000) * 10%
3,00,000 to 5,00,000 11,000 + (TI – 3,00,000) * 20%
Greater than 5,00,000 51,000 + (TI – 5,00,000) * 30%
Senior Citizens (Individuals aged above 65 years)
Slab (Rs.) Tax (Rs.)
less than 2,40,000 Nil
2,40,000 to 3,00,000 (TI – 2,40,000) * 10%
3,00,000 to 5,00,000 6,000 + (TI – 3,00,000) * 20%
Greater than 5,00,000 46,000 + (TI – 5,00,000) * 30%

From India, Calcutta
mayuri.jangam
Dear All, Let me know the detailes how we can save the income tax by making any investments? Mayuri Jangam.
From India, Mumbai
JOSEPHPATRAO
24

Hi you may visit the below link for more details and use the attachment
https://www.citehr.com/336090-latest...-salaried.html

From India, Mumbai
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