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In India the taxable income is Net salary - (standard deduction Deductions + (House rent + medical etc) + Savings under sec 80C) Taxable Income Slab Tax % Up to Rs. 1,50,000/- for Individuals Up to Rs. 1,80,000/- for Women & NIL Up to Rs. 2,25,000/- for Senior citizens (Age above 65 years) Remaining salary up to Rs. 3,00,000/- 10% Remaining Salary up to Rs. 5,00,000/- 20% Remaining Salary above Rs. 5,00,000- 30%
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How you Calculate Provision for Income tax?
how to calculate provison for income tax
How do you calculate builders cot sales tax?
how do you calculate builders cot tax
how do you calculate your ira for tax time?
how do you calculate your ira on tax time how do you pat taxes on a ira
How do you calculate net indirect tax?
net indirect tax = tax - subsidies
How do you calculate FICA tax?
You do not calculate FICA tax by asking Answers.com. You calculate the FiCA tax by going to the Internal Revenue Web Site and looking at the information on their form. Then you plug your numbers into their formula.
What is service tax in India?
The Service Tax in India is an indirect tax on all services, although there are some exclusions. In 2015, it was increased to 14%.
Who is responsible for Income tax in India?
All persons residing in India are responsible for paying Income tax on monies earned. Dollars earned from agriculture are tax exempt. This is imposed by the Government of India.
How do you calculate tax when buying something?
To calculate tax when buying something, multiply the purchase price by the tax rate as a decimal. Add this amount to the purchase price to get the total cost including tax.
What is local body tax?
Local Body Tax is a tax charged in India. This tax is a price charged for bringing goods into a local area for consumption, use or sale. The tax is paid to the civic bodies in India.
State Bank of India Service Tax Registration No?
what is service tax no. of state bank of india hingna branch
Who collects the service tax in India?
In india service tax is collected by CBEC (central board of excise and customs)
Who introduced income tax in India?
James wilson in India..
