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Tax calculation
by Avi on Mar 01, 2008 11:54 AM

The 30% tax slab in increased to 5lakh. How will be tax calculated for a person earning more than 5lakhs. Flat 30% of his income or 50,000 plus 30% of his income in excess of 5lakhs?
Can someone clarify this....


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The above message is part of the Discussion Board:
Your income tax: How it works now