How is tax calculation done?



Can any1 please tell me how do i calculate my income tax, as i am a fresher and just joined the company.. I googled it out but din understand much of the stuff.

How is tax calculation done?
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2 Replies to “How is tax calculation done?”


  1. Male taxpayers
    0 to 160000 0
    160001 to 300000 10%
    300001 to 500000 20%
    Above 500000 30%

    Female taxpayers
    0 to 190000 0
    190001 to 300000 10%
    300001 to 500000 20%
    Above 500000 30%

    Senior citizens
    0 to 240000 0
    240001 to 300000 10%
    300001 to 500000 20%
    Above 500000 30%





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