08-15-2009, 03:42 PM
In our firm salaries are increased in jan every year, if one empolyee has monthly salary for first 6 months is Rs. 15000 which is not taxable and no tax will be deducted for 6 months, but in jan his salary was increased as Rs. 18000 p.m which is taxable income. how will i calculate his tax. Please help in this regard. advance thank you.