28 February 2014
Assuming this is your salary income your tax calculation is given hereunder:- Tax on Rs.300000 @10%=30000 Tax on Rs.82200 @ 20%=16440 Total Income tax=46440 (+)Education Cess=928.8 (+)Sr.& higher education cess=464.4 Total tax liability=47833 from this tax liability deduct tds which was deducted by employer
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