Tag: How to calculate Income Tax

How to Calculate Income Tax- Illustrations issued by Income Tax Department

| October 25, 2012 | Reply

Example 1 For Assessment Year 2013-14 (A) Calculation of Income tax in the case of an employee below the age of sixty years and having gross salary income of: (i)  Rs. 1,50,000/-, (ii)  Rs.2,00,000/-, (iii)  Rs.5,00,000/-, (iv)  Rs. 10,00,000/-and (v)  Rs.20,00,000/-. (B) What will be the amount of TDS in case of above employees, if […]

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