Is Income Tax Deducted Monthly or Annually for a Salary of 25,000 in Gujarat?

Income Tax Applicability Inquiry

Please inform me whether income tax is applicable in this situation or not. The employee joined on 1 April 2012 with a salary of 25,000 per month.

Gujarat Tax Slab

For the Gujarat Slab, the tax payable is as follows:
- 3,000 - 6,000: 20
- 6,000 - 9,000: 80
- 9,000 - 12,000: 150
- More than 12,000: 200

Please inform me whether the tax deduction will start from April or after one year when she will receive the full amount of 300,000 (25*12). Kindly share information about income tax monthly deduction.

Regards,
Sneha Nair

I am not very clear. I hope that tax slabs belong to PT. I feel that an income of ₹3,00,000 per annum will not come under tax brackets. The reason is her total income shall be deducted on various grounds:

- Deduct Conveyance Allowance: ₹800 x 12 = ₹9,600
- Medical Allowance: ₹1,250 x 12 = ₹15,000
- HRA Exemption as applicable
- PT Deduction
- PF Deductions under 80C

Would you like me to provide further clarification on this?

Income Tax Applicability for New Employees

Please inform me whether income tax is applicable in this situation or not. The employee joined on 1 April 2012 with a salary of 25,000 per month. Could you please let me know if tax deductions will start from April or after one year when she will receive the full amount of 300,000 (25*12)? Additionally, kindly provide information about the monthly income tax deduction.

Regards,
Sneha Nair

TDS has to be deducted proportionately from March 2012 onwards. For ₹3,00,000/-, there is no need for any tax deduction. You can calculate TDS based on the CTC structure. The individual may come close to the exemption. Ask him/her whether he/she can provide proof for savings under 80C, 80D, or other savings eligible for exemption.

Regards,

Dear Sneha,

Income Tax Applicability on Salary

Income tax is applicable on a salary of Rs 25,000 per month, starting from April 12 onwards. The amount of income tax deducted each month depends on the following factors:

- Salary Breakdown
- House rent paid
- Any investments made
- Gender (Male/Female)
- PF contributions

If you provide the above details, I can determine the exact amount of income tax that will be deducted monthly. The deduction could be a nominal figure based on the information provided.

In general, income tax is applicable on a salary of Rs 25,000 per month.

Income Tax Slabs for FY 2012-13

New Income Tax Slabs for AY 2013-14 for Resident Senior Citizens above 60 years (FY 2012-13)

1) Up to Rs 2,50,000 - No tax/exempt
2) Rs 2,50,001 to Rs 5,00,000 - 10%
3) Rs 5,00,001 to Rs 10,00,000 - 20%
4) Above Rs 10,00,000 - 30%

New Income Tax Slabs for AY 2013-14 for Resident Senior Citizens above 80 years (FY 2012-13)

1) Up to Rs 5,00,000 - No tax/exempt
2) Rs 5,00,001 to Rs 10,00,000 - 20%
3) Above Rs 10,00,000 - 30%

New Income Tax Slabs for AY 2013-14 for Resident Women (below 60 years) (FY 2012-13)

1) Up to Rs 2,00,000 - No tax/exempt
2) Rs 2,00,001 to Rs 5,00,000 - 10%
3) Rs 5,00,001 to Rs 10,00,000 - 20%
4) Above Rs 10,00,000 - 30%

New Income Tax Slabs for AY 2013-14 for Others & Men (FY 2012-13)

1) Up to Rs 2,00,000 - No tax/exempt
2) Rs 2,00,001 to Rs 5,00,000 - 10%
3) Rs 5,00,001 to Rs 10,00,000 - 20%
4) Above Rs 10,00,000 - 30%

Thank you for your attention to this matter.

Warm regards,

Manjay Kumar Sharma
Senior Consultant
[Email Removed For Privacy Reasons]
Skype ID: manjay.sharma73
[Phone Number Removed For Privacy Reasons]

Malay Gauri Consultants Pvt. Ltd
Outsourcing and Consultancy www.malaygauri.com
Human Resource MGcrpo
Job portal www.nayeeraah.com

[QUOTE=Piyushfaw;2035304] Sneha, the tax declaration form will be available in April. For more information, you can check.