How to calculate Income tax ? Need a shot guide, Income Tax

[Amit KUlkarni]

Hi all ,

I want to know how income tax is calculated. Suppose that my total earnings are 23300/- per month (annual- 279600) and suppose Net Payable after all cutting (PF and PT ) is 22000/- per month (annual- 264000). So How should i calculate tax ?? On what amount tax is applicable i.e. Net payable or total earnings ??

Can any one please guide me ? Or please give me proper link where i can clear all my doubts about this.

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

I hope that you would have got clarified in this issue. If not please inform.

[Ganeshan Kalyani]

The financial year is also essential to reply to this query.