A time pass exercise to prepare you for tax calculation.Members,
I do not know how many ISCians are tax payers. This thread is to make you perfect in simple tax calculations without the help of any CA or expert. The tax calculation should be as per the new tax regime announced during 2020-2021 budget.
Please work out the exact amount of tax to be paid by each individual.
1. If the monthly salary of a person is Rs. 50,000 per month.
2. If the monthly salary of a person is Rs. 70,000 per month.
3. If the monthly salary of a person is Rs. 90,000 per month.
No additional income or interest earned. Calculate only the salary into account.
The first and fast accurate amount posting member will be appreciated and awarded.