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Pls calculate my tax
by S Ad on Mar 02, 2008 06:31 PM   Permalink | Hide replies

My CTC = 1.75 lacs
Bonus = 1 lac
Rent paid = 36000 per annum

Tax liabilty = ?? Pls help..

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  RE:Pls calculate my tax
by I xx on Mar 02, 2008 09:58 PM   Permalink
Your CTC has nothing to do with your Tax.It is your gross salary that matters. I think it's only India where there is this stupid concept of CTC; its was just made to make your salary and ego look apparantly bigger.

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  RE:Pls calculate my tax
by rohit chauhan on Mar 03, 2008 09:45 AM   Permalink
Still!!!
Your Taxable is 2.39 lacs
so taxes= 8900

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