The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>India Taxes

Can anyone calculate the income tax of male who is earning 360000 &170000 & female 240000 per annum.?

Can anyone calculate the income tax of male who is earning 360000 &170000 & female 240000 per annum.?

Tax free income for Male is Rs.1,10,000 & for female it is Rs.1,45,000 for this running financial year (2007-08).

The tax will be as follows for the FY:2007-08 (A.Y:08-09)

1) Male with yearly income Rs.3,60,000; Tax Rs.57,000+1710 education cess= Total Rs.58,710/-

2) Male with yearly income Rs.1,70,000; Tax Rs.8,000+240 education cess= Total Rs.8,240/-

3) Female with yearly income Rs.2,40,000; Tax Rs.18,500+555 education cess= Total Rs.19,055/-

The inland revenue

he he he he :-) get a tax calculator dude!!

I'm weak in maths.

for 360000-- it is 57,000
for 170000-- it is 8,000
for 240000--19,500
the above tax is calculated based on the assumption that the individual has not put any investments in savings.

Tags
　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes 　　Mexico Taxes 　　Ireland Taxes 　　India Taxes 　　Germany Taxes 　　Canada Taxes 　　Australia Taxes 　　Small Business
Related information
  • Can the date of birth be corrected on PAN Card as the date was entered wrongly?

    Correction of date of birth in PAN is 100% passable. It is simple and easy. For correction of PAN details, including the date of birth, the procedure is like for new card. You need to pay around Rs...

  • Importing stuff from Hong Kong into India via Play-Asia.com? (for personal use, not mass ordering)?

    not sure, but i think so far only some country in Europe has international tax. but again check in the site.

    ...
  • How can I know status of my PAN card?

    You can know your pan card status easily. If you are having 15 digit acknowledgment, then you have to visit NSDL web site for this. The link is given below. ...

  • What is the % of education cess on tds?

    Now for this financial year 3% (FY:2007-08, AY:2008-09) Last year it was 2% (FY; 2006-07, AY:2007-08)

    ...
  • How much loan limit in SBI?

    Just depend on your project report.

    ...
  • What is IT-exemption for Physically Disabled persons in India.?

    Your question is discussed below. You can ask your employer to enable this benefit to you in your returns to be filed in future. Before that you should obtain a doctor certificate as explained in ...

  • Who pay Income tax ?

    persons earning an annual income above Rs.110000. They have to pay it @ progressive rates. for income from other sources 30% tax on the income to be paid directly.

    ...
  • My yearly income is Rs-101160,Is my Salary is Taxable?

    For this running financial year 2007-08, the tax exemption limit for Male individual is Rs.1,10,000. So your salary is not taxable. You can tell your company not to deduct TDS as your income is b...

    • 　

    Commerce Categories--Copyright/IP Policy--Contact Webmaster