15 July 2009
Mam, If your Taxable Income for the year do not exceeds Rs 190000/-, then you are not into the tax bracket and no tax will be deducted from your income.
If it exceeds, then upto Rs 300000/-, excess of 190000/- will be taxed @ 10%
For any further query, u can contact me at CANIKHILGUPTA@gmail.com 9878457599
CAclubindia
