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Dear Friends Find enclosed new slabs for Income Tax & Service Tax rates for the period 2012-13 Cheerz
From India, Bangalore
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File Type: doc Income Tax Slab 2012-13.doc (37.0 KB, 805 views)

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If your total gross salary is 2.4L per annum, it means you are not in the tax brackets. This is because within the gross salary, there are components like Basic, HRA, Medical Allowance, and Conveyance Allowance. If only the taxable salary, which means the Basic, is 2.4L, then you can avoid tax by producing investment proofs.
From India, Bangalore
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If my salary is ₹45,000 per month, will I come under the income taxpayers list? If so, how much should I pay monthly? What is the purpose of paying income tax? PF ₹780 and professional tax ₹200 are deducted from my salary. Kindly clarify my doubt.
From India, Hyderabad
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