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what would be income tax for CTC of 325000
by Tushar Kanade on Mar 04, 2008 02:55 PM   Permalink | Hide replies

what would be income tax for CTC of 325000 with 60000 as investment

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  RE:what would be income tax for CTC of 325000
by Emilio on Mar 04, 2008 03:44 PM   Permalink
Your tax is not calculated strictly on the basis of CTC. It is based on taxable income.
Take your taxable income. Subtract the investments (by that I guess you mean investments eligible for 80C deduction) and read off your tax liability from the table.

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  RE:what would be income tax for CTC of 325000
by Sunil Tripathi on Mar 07, 2008 09:26 AM   Permalink
give division of uf salary into basic and allowences

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