Salary Tax (2009 - 10)

ABC & Company Income Tax Calculation on Salary

Yes

Male

No

Female

for the period 2009 - 10

S#.

Employee Name

Gender

Male

Whther Age is 60 or above on July 1, 2009 No

Tax on Marginal Increase in Salary Basic Salary

163,200

Medical Allownce

15,600

Other Allownces

73,200

Leave Encashment paid -

Bonus

54,400

Gratuity paid

Annual Gross Salary

306,400

Exempt Medical Allownce

Taxable Salary

15,600

290,800

Income Tax Normal Tax Rate % Amount

0.75%

2,181

Rate

0.50%

Maximum Amount of Slab

Tax on maximum slab

Marginal Increase Amount

Marginal Relief Rate %

Income Tax on Marginal Increased Amount

Tax Amount after Marginal Relief

Tax Payable for the year

250,000

1,250

40,800

20.00%

8,160

9,410

2,181

Rebate to Senior Citizens -

Net Tax Payable for the year 2,181

Per Month Deduction

182