hi
Warm Greetings!!!!
I am Venkat, having a doubt that income tax is calculated on Gross Salary or Net pay?
And
If an employee gets increment in the month of Nov 2013 and his salary has is increased to 20k gross per month from 14k gross, he is liable to get income tax deduction? if his take home is 18.5k per month.
Note: The employee doesn\'t get any other monitory benefits other than Salary and Bonus.
Kindly help in this.
Regards
Venkat
Warm Greetings!!!!
I am Venkat, having a doubt that income tax is calculated on Gross Salary or Net pay?
And
If an employee gets increment in the month of Nov 2013 and his salary has is increased to 20k gross per month from 14k gross, he is liable to get income tax deduction? if his take home is 18.5k per month.
Note: The employee doesn\'t get any other monitory benefits other than Salary and Bonus.
Kindly help in this.
Regards
Venkat