05-30-2010, 04:01 AM
@Laptop, dear i passed my tax 1year before since then i have not been in practice regarding the salary tax so i was a littile confuse about marginal reilief as if it was compusory & now since it is established that this is optional
the income of the person is to be grossed up by & then the rate of tax will be applied on resulting figure i.e (278000/99.25)=280,100 will be treated as taxable income and hence the tax slab will be determined
Regards,
the income of the person is to be grossed up by & then the rate of tax will be applied on resulting figure i.e (278000/99.25)=280,100 will be treated as taxable income and hence the tax slab will be determined
Regards,