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





  1. Ajmal says:

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

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.