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#1
8th August 2017, 05:22 PM
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What is the tax calculation criteria for a central government employee?
What is the tax calculation criteria for a central government employee? Is it same like for other employees in state government and private companies or different? What is the waiver of amounts available by default? Can you please answer me?
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#2
15th September 2017, 01:34 PM
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Re: What is the tax calculation criteria for a central government employee?
The tax calculation criteria for all the government employee is same like the other state government employee & Private employees.
the income tax slab for the year 2017-18 is 1. Below Rs. 2,50,001- Nill 2. Income between Rs. 2,50,001 to Rs. 500,000- 5% 3. Income between Rs. 500,001 to Rs. 10,00,000-20% 4. Income above Rs. 10,00,000 -30% In addition to the above education cess 2 % & Secondary and Higher Education Cess - 1% is applicable . |
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