Taxation

~~with focus on tax education~~

Tax on Salary as per Budget 2012-13

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Tax slabs of salary income are proposed to be reduced from 17 to 5 in the finance bill 2012-13 which are as under:
1.            Salary Income less than 400000 tax will be 0%
2.            Salary Income exceeds 400000 but does not exceed 750000  tax will be 5% of amount exceeding 400000
3.            Salary Income exceeds 750000 but does not exceed 1500000 tax will be 17500 + 10 % of amount exceeding 750000
4.            Salary Income exceeds 1500000 but does not exceed 2500000  tax will be 92500 + 15% of  amount exceeding 1500000
5.            Salary Income exceeds 2500000 tax will be 242500 + 20% of amount exceeding 2500000.

posted @ 10:06 AM,

1 Comments:

At October 24, 2014 at 7:31 PM, Blogger leona fassi said...

Thank you so much for writing this awesome information! Looking forward to reading more.

PIC Scheme Singapore 2014

 

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