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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.

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Q: My salary is 142000 per annum. i paid the income tax or not?
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What is current drawn salary per annum?

How much you got paid for a year


What is the difference between salary and income?

..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


How do you figure your yearly income?

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


How do you convert after-tax salary to before-tax salary?

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 $)


What is the meaning of professional tax?

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.

Related questions

What is current drawn salary per annum?

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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.


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How often do you get paid if by salary?

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