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what is the rate of income tax, if a person gets 200000 per
annum, what are entries in tally? what is the income tax to
be deducted?
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Answer Posted / gulzar singh ( gulzar.thpl@gma
Rate For Tax as ( Union Budget 2012-13)( for All
individuals)
Up to 200000 tax is - nill
Rs. 200001 to 500000 -10%
Rs. 500001 to 1000000 -20%
Above Rs. 1000000 -30%
as Abobe Tax Rate Slabe Rs. 200000/- come under Tax free
Limit. So No Tax and TDs will Deduct or Charged.
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