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Dear Friends Find enclosed new slabs for Income Tax & Service Tax rates for the period 2012-13 Cheerz
From India, Bangalore
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File Type: doc Income Tax Slab 2012-13.doc (37.0 KB, 805 views)

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nice & thank u I want to know how much I ll be paid if I am getting 2.4L per annum? if the "X" amt how could I avoid by producing my investments/Expences clear it with explanation pls. Suku
From India, Mumbai
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Hi Sukumar,

If your total salary gross earning is 2.4L per annum, it means you are not in tax brackets. Because in the gross, there is bifurcation like Basic, HRA, Medical Allowance, and conveyance allowance. If only the taxable salary, which means Basic is 2.4L, then you can avoid tax by producing investments.

From India, Bangalore
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Sir,

If my salary is 45000/- per month, will I come under the income tax payers list? If so, how much should I pay monthly? What is the purpose of paying income tax? PF 780 & professional tax 200 are deducted from my salary. Kindly clarify my doubt.

From India, Hyderabad
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