What wil b my income tax ???? plz help....!!!!!!!?

Question

i am not able to calculate my income tax, searched on google but was no use.

anyone plz calculate my income tax,

here are d details:-

basic - 145038

HRA - 58015

bonus - 159542

Gross salary - 362595

i am male n i m not investing anything anywhr.

kindly help me calculate my tax.

Answer 1

Our of your gross income, HRA may be deductible in full or part depending upon your rent payment. Read Income From Salary to figure out HRA deduction:

http://mytaxes.in/index.php?topic=17.0

Then the tax rate for FY 2007-08 is

http://mytaxes.in/index.php?topic=16.0

Answer 2

all component are taxable ,but hra may be exempted if you are paying some rent but you have not mentioned any thing ,then tax for ay 2009-10 will be 28346 and for ay 2008-09 tax liabilty will be 29513

download simple free tax calculator from the link given below

http://simpletaxindia.blogspot.com/2008/...

Answer 3

Some more details like renty paid and professional tax would have been helpful; with the given values your tax for FY2008-09 will be 24594 (this takes that 12% of basic is deducted for PF). If there is no PF deduction, then it will be 28181.

Adding rent and professional tax will bring down this tax amount. You may download the tax calculator from http://prrajan-tax.blogspot.com/2008/03/... . If you need any help on its usage, you may e-mail me through my Y! Answers profile.