Calculate your tax so easy !!

This is way you can calculate you tax if you are employee.

For example Take your monthly salary = X.

PF deduction = Y.

HRA + Travel allowance = Z

Tax saving investment you did = P


Now Total income taxable = X -Y -Z - P.

Now on Rest of the income Do you tax calculation as below slab.

Taxable income slab (Rs.) Rate (%)
1,10,000 (individuals other than women/senior citizens) NIL
1,45,000 (for women) NIL
1,85,000 (for senior citizens) NIL
1,10,001 - 1,50,000 10%
1,50,001 - 2,50,000 20%
2,50,001 upwards 30%
10,00,000 upwards 30%*

So easy ,happy tax.