Rs. 20,000/- x 3 months = Rs.60,000/-
Rs. 25,000/0 x 9 months = Rs. 2,25,000/-
Total = Rs. 2,85,000/-
Tax on 85,000/- = Rs. 8,755/- or 730/- per month
Thank You Sir.. What if a person joins in mid of the sep month and gets Rs. 50000 as half month salary in Oct and thereafter Rs. 100000 till march, how to calculate tax ?
CAclubindia
