Question:

How is income tax on salary calculate in India?

by Guest1516  |  12 years, 9 month(s) ago

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Can someone please guide me with the compmlete procedure of income tax calculation. How are salaried individuals taxed in India?

 Tags: calculate, income, India, Salary, tax

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  1. Guest5988

    For men, income tax criteria in Inida is as follows:

    0 to 1,60,000   No Tax

    1,60,001 to 3,00,000 10%

    3,00,001 to 5,00,000 20%

    Above 5,00,000 30%


    Income tax slabs for Women) in India are:

    Income Tax Slab (in Rs.) Tax

    0 to 1,90,000 No Tax

    1,90,001 to 3,00,000 10%

    3,00,001 to 5,00,000 20%

    Above 5,00,000 30%


    Income tax slabs for Senior Citizens in India are:

    Income Tax Slab (in Rs.) Tax

    0 to 2,40,000 No Tax

    2,40,001 to 3,00,000 10%

    3,00,001 to 5,00,000 20%

    Above 5,00,000 30%

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