Eight Examples For Income tax Calculation – 2013-14

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 … Read more