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sathis | My gross salaray income for 2006-2007 is 2,55,000. how much income tax i have to pay. please tell me anybody? |
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 |
 
MooN
|
Clarify
1.Your Gender
2.Your Age
3.Your Residential status
if you are a resident woman not being a senior citizen then your tax liability including education cess will be 23460
if you are a senior citizen then tax liability will be 14790
if you are a resident individual other than above two category then your tax liability wii be 27030/-
Tax Rate are as follows
For individuals resident woman (not being a senior citizen)
Net income range income tax rate
Upto 135000 nil
135000 to 150000 10% of (TI-135000) + 2% education cess
150000 to 250000 1500+20% of (TI-150000) +2% education cess
250000 to 1000000 21500+30% of (TI- 250000) +2% education
cess
above 1000000 246500+30%of (TI-1000000) +10% of income tax Surcharge + 2% of income tax and surcharge
For resident senior citizen (who is of 65 years or more at anytime during the previous year)
upto 185000 nil
185001 to 250000 20% of (TI-185000)+2% edu cess
250001 to 1000000 13000+30% of (TI- 250000)+2% edu cess
above 1000000 238000+30% of (TI- 1000000)+10% sc
+2% edu cess
For any other individual, every HUF/AOP/BOI/Artificial juridical person
upto 100000 nil
100000 to 150000 10%of (TI- 100000)+2% ec
150001 to 250000 5000+20% of (TI-150000)+2% ec
250001 to 1000000 25000+30% of(TI- 250000)+2%ec
above 1000000 250000+30% of (TI-1000000)+10% sc+2%ec |
|
Rohit
|
Rs26500(tax)+530(e cess)= 27030/- |
|
ashwin_44
 |
Rs.26,520 |
|
Jeevan Kumar Mittal, 1956
 |
Nothing.
Your employer will deducted it from salary payable to you.
It is called TDS. |
|
pappu
 |
For Male it is Rs.27030/- per annum
For female it is rs.23460/- per annum
For senior Citizen it is Rs.14790/- per annum
Please choose in which group you belong to and consider the tax amount accordingly. |
|
Gulfstream_five_fifty
 |
First you need to know where to put your commas.
India? Do you work for DELL customer service? lmao |
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trupti m
 |
Rs.51000/- |
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sara97a
 |
you will have to a lot of taxes if you make that much money. wow, i wish i made that much. good luck. i would go to a tax specialist. |
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crystal_clear_0000
|
You need an accountant and an attorney |
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ps c
|
According to the information given by u your tax bill stands at rs. 27030 assuming that your investments eligible for deductions u/s 80C is nil. plz provide full break up of ur salary so that i can calculate your correct tax bill . it can be lowered I am available at pschoudharycac@yahoo.com
respects & regards. |
|
Quiker
|
Assuming that you are male and have not made any tax exception investments .....
2,55,000 - 1,00,000 (basic tax exemption that government gives) = 1,55,000.
in 1,55,000 you can remove your house rent/house loan premium and medical expenses (bills are must).
After that whatever amount remains ... in that for first 50,000 it is 10% and for the rest of the amount it is 20% ...
I am not a tax consultant or a financial expert ... |
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