Why are u putting this question here. Next year 2008-09 you are exempt. Now if you have not made any savings eligible u/s 80 C . Then you have to pay some tax.
How much you got paid for a year
..The spelling Not really the difference is that the salary is what u get paid and income could be anything that brings money to your home
If you get paid weekly, times that by 52, that will give you your annual salary. If you get paid every fourth week, times that by 13 (not twelve!), that will give the annual salary. And finally, if you get paid on a fixed date of each month, just times that by twelve. Each will give you the right answer within a few pence.Answerif your income is steady and you work the same number of hours every week or all year take your gross income and multiply it if you are paid weekly multiply it by 52 or multiply it by 26 if you are paid bi weekly that's how i do to get a close estamate
Divide your post tax income by your effective tax rate %. (After tax)/(effective tax rate %) = Before tax income Your effective tax rate is your tax amount divided by your taxable income (net any deductions). (tax paid in $ + tax bill/refund)/(income - deductions $)
Professional tax is charged by respective Municipal Corporations and most of the States in India charge this tax. The maximum tax payable per annum is Rs.2,400/- and according to your salary, there are fixed slabs. This tax is paid by every employee working in Private organizations. The tax is deducted by the Employer every month and remitted to the Municipal Corporation and it is mandatory like income tax. You get income tax exemption for this contribution.
How much you got paid for a year
salary- $37,000 per annum, 9% supernnuation $3,330, total package $40,330 per annum, this is for full time position sales associate
..The spelling Not really the difference is that the salary is what u get paid and income could be anything that brings money to your home
That would be income tax
higher in real income, lower in nominal income
If you are on a salary income, you are never working for free if your work is within the scope of your written or oral employment agreement. With a salary, you are paid periodically on a yearly rate with the idea that you work as long as necessary to get the work done. You are not paid by the hour and you may not be eligible for overtime payments.
Prince Charles receives his income from the Duchy if Cornwall and is not paid from the civil list.
Earned income is money you get from working. When you have a job, you're paid a salary--usually in a paycheck you get every week or every two weeks.
Most recruiters work on a mixed model that has a certain amount of base salary and then a percentage as commission. Although they get some salary, their major income is in the form of commissions.
Prince Charles receives his income from the Duchy if Cornwall and is not paid from the civil list.
A doctor might go about 1200000 per annum The average salary of doctors can range from $150,000 for a general doctor, $163,000 for a psychiatrist and $255,000 for a general surgeon.
A salary tends to be paid monthly.