Reg.tax on salary.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2012 Dear All,Please tell m if an employee worked in A Company for 9 months and his salary exceed Rs.12 Lacks in A.Y 12-13 so his taxable slab is above Rs.8 Lackh and he worked in another company and his salary for 3 months is Rs.5.13 lacks then plz tell m that his tax slab of salary of Co.B.

CA CS Nitin

CA CS Nitin (Expert)
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19 October 2012 One person cannot have different income tax slabs. for all kinds of income from all the sources a person can have only one slab.

CA Pooja Agarwal

CA Pooja Agarwal (Expert)
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19 October 2012 the income is taken in aggregate. i.e annual income..slabs are not different for different employers..since his aggregate income the year is exceeding the 8 lakhs,he will be subject to tax accordingly.

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Sunny Sonwal

Sunny Sonwal (Expert)
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19 October 2012 Dear......Tax will calculated on total received salary according to slab rate which is as below...

upto 180000 Nil
180000 to 500000 10%
500000 to 800000 20%
above 800000 30%