Tax Rates 2014-15 for Salaried Persons

Tax Rates 2014-15 for Salaried Persons have already been announced by the Government. The maximum amount on which tax will not be charged is Rs. 400,000 i.e on the amount of Rs. 400,000/- there will be no tax.

If the taxable amount exceeds Rs. 400,000/- but does not exceeds Rs. 750,000/- then there will be 5% tax on the amount exceeding Rs. 400,000/-.

Other details of the taxable income are shown on the schedule.

 

 

Taxable Salary

 

 

 

Summary
Article Name
Tax Rates 2014-15 for Salaried Persons
Description
Tax Rates 2014-15 for Salaried Persons have been announced and the maximum amount on which there will be 0% tax is Rs. 400,000/-
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2 Comments

  1. Ajmal says:

    For salaried persons, taxable income is gross salary or net take home salary?

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