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SALARY TAX
03-03-2011, 08:52 PM
Post: #1
SALARY TAX
HOW TAX IS DEDUCTED FROM SALARY ON MONTHLY BASIS OR CALCULATE ON ANNUL Y . IF THERE IS INCREMENT IN THE YEAR.
FOR EXAMPLE A EMPLOYEE SALARY IS 40,000/-
IN MONTH OF FEB THERE IS INCREMENT OF 1,500/-
SO THE TAXABLE SALARY IS 41,500/-
TAX WILL BE CALCULATE LESS 10% MEDICAL ALLOWANCE.
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03-04-2011, 01:30 PM
Post: #2
 
Here's attached the salary tax calculator. compute ur payable tax easily

http//www.2shared.com/document/kDN8bkrG/Salary_Tax_calculator_2010-201.html
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