My Salary is 25 Thousand per month, after deduction i get nearby 22 Thousand by all cuttings etc.?

Pls. explain me that how much tax will be deducted for yearly or say monthly by 2008 budget. I have zero knowledge about this, b'cos for me its for the first time. Pls help me

Tax Calcu. for MALE -Tax free Amt. Rs.150000FY:08-09

300,000 = Gross Total income (Regular)
000,000 = LESS: Deductions U/Chapter IV-A (80C Etc.,)
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300,000 = Net income -To be taxed @ slab rates
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000,000 = TAX @ 0% Income Exempt from Tax on 150,000
015,000 = Tax @10% between 1.5 to 3.0 lakhs on 150,000
000,000 = Tax @20% between 3 to 5 Lakhs on000,000
000,000 = Tax @30% on >5 lakhs on Rs.000,000
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015,000 = Tax Payable on Net Income 300,000
000,450 = ADD: Edu. cess @ 3% on tax. 15,000
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015,450 = Net Total Tax Payable on your salary (25*12)
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If they deduct only TDS from your salary, then the TDS duduction must be around Rs.1250 per month. Your company is also deducting PF etc.

If you are investing 1 lakh in tax savings instruments u/s 80C, then your tax will be Rs.5,150/-

More about tax saving investments: (U/s 80C)
http://www.rediff.com/getahead/2005/dec/...

25 K means Rs. 300000
Let's say if you save and invest Rs. 1 lacs tax saving schemes
your balance salary will be Rs. 200000
if you don't pay any HRA than tax wud be
up to 150000= NIL
1.5 L to 2.0 L @ 10% = 5000
E Cess 3% = 150
Total Annual Tax = 5150

If you filled out all your forms from your employer, they are taking out the right amount for you. You can claim childern if you have any, but at the end of next year you could owe money if you do.