Sneha,
Income Tax is Applicable on Salary = Rs 25000 per month. This is applicable from April 12 month on wards. How much income tax will be deducted every month depends on the following.
1) Salary Break up
2) House rent paid
3) Any investment
4) Male / Female
5) PF
If you provide above detail then I can let you know amount of Income tax to be deducted every month. It could be nominal amount based on detailed information provided.
In general, yes , Income tax is applicable on salary = Rs 25,000/- per month
Income tax slab for FY 12-13 is as under (For information and understanding):
New Income tax slab for fy 2012-13 / ay 2013-14
New Income Tax Slabs for ay 13-14 for Resident Senior Citizens above 60 years (FY 2012-13)
S. No. Income Range Tax percentage
1 Up to Rs 2,50,000 No tax / exempt
2 2,50,001 to 5,00,000 10%
3 5,00,001 to 10,00,000 20%
4 Above 10,00,000 30%
New Income Tax Slabs for ay 13-14 for Resident Senior Citizens above 80 years (FY 2012-13)
S. No. Income Range Tax percentage
1 Up to Rs 5,00,000 No tax / exempt
2 5,00,001 to 10,00,000 20%
3 Above 10,00,000 30%
New Income Tax Slabs for ay 13-14 for Resident Women (below 60 years) (FY 2012-13)
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%
New Income Tax Slabs for ay 13-14 for Others & Men (FY 2012-13)
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 & Regards
Manjay Kumar Sharma | Senior Consultant | E-mail : [Login to view] | Skype ID : manjay.sharma73 |Mobile: +91- 98105 07200
Malay Gauri Consultants Pvt. Ltd
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