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Posts Made By:
CA Nilay Shah
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2nd January 2014, 05:49 PM
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Confused About Income Tax: Is It Based on Gross Salary or Net Pay? Can You Help?
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Posted By
CA Nilay Shah
Re: Income tax calculation on gross salary or net pay?
Income tax is calculated on the gross salary that you are receiving, minus the allowances that are exempted as per the Income Tax Act. The salary amount after deducting these allowances will be...
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2nd January 2014, 05:49 PM
