The latest income tax slabs for 2010-2011 can be found here
Go to financeminister.in
Click on the below Related Link
How Are you
Slab rate refers to a system of taxation where different portions of income are taxed at varying rates, known as tax slabs. For instance, an individual may pay a lower percentage on their initial income up to a certain threshold and progressively higher rates as their income increases. This structure is designed to ensure that taxpayers contribute fairly according to their ability to pay. Slab rates are commonly used in income tax systems across various countries.
details of calculation of i.tax
Your vacation pay income tax rate will be the same as the income tax rate on all of your other gross wages income from the same employer.
The tax rate for vacation pay is the same as the tax rate for regular income, which is based on your total income and tax bracket.
Please tell me the new profession tax slab in mumbai
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 $)
Total income tax as a percentage of total taxable income is the average tax rate, whereas total income tax as a percentage of total economic income is the effective tax rate.
Professional tax rate slab for the year 2010-11,2011-12
when your business come in slab of income tax .... :)
No the federal tax brackets would NOT be your average income tax rate on your income. Each separate federal tax bracket amount is your marginal tax rate for that amount of your taxable income that is in that bracket amount.
10,000 service tax