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In FY2010-11, if person get salary 189600.00 after deduction
of Profession tax and his investment 11000/- in LIC for
whole year how many TDS deduct from his salary Pls reply i
am waiting for Answer.
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Answer Posted / seema pandey
Gross Total Income 189600
Deductions 11000
Taxable Income 178600
Income Tax calculation
upto 160000-Nil
160000-500000 -10%
500000-800000 - 20%
Above 800000- 30%
178600-160000 = 18600x10%
1860+3%(Education Cess 0r Higher education cess)
1860+56 =1916
Total Tax Payable - 1916/=
| Is This Answer Correct ? | 7 Yes | 1 No |
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