ABC & Company Yes Male

Income Tax Calculation on Salary No Female

for the period 2009 - 10

Tax on Marginal Increase in Salary

Whther
Tax Tax Net Tax
Age is 60 Leave Exempt Income Tax Rebate to
Medical Other Gratuity Annual Taxable Income Tax Normal Tax Maximum Tax on Marginal Marginal Amount Payable Payable Per Month
S#. Employee Name Gender or above Basic Salary Encashment Bonus Medical on Marginal Senior
Allownce Allownces paid Gross Salary Salary Rate % Amount Rate Amount of maximum Increase Relief after for the for the Deduction
on July 1, paid Allownce Increased Citizens
Slab slab Amount Rate % Marginal year year
2009 Amount
Relief
Male No 163,200 15,600 73,200 - 54,400 306,400 15,600 290,800 0.75% 2,181 0.50% 250,000 1,250 40,800 20.00% 8,160 9,410 2,181 - 2,181 182