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Income Tax on Salary- Slab Rate 
http://www.paisatalks.com/income-tax-on-salary-slab-rates-exemptions.html
Slab Rates
How to calculate Income Tax on Salary 
Let us work out the income tax liability with some examples. 
•Taxable income of 4.25 Lakhs 
You need not pay any tax upto 2.5 lakhs. For the amount in excess of 2.5 lakhs (4, 25,000 -2, 50,000 = 1, 75, 000) you have 
to pay tax at the rate of 10%. Your tax will be 17,500 in this case. Also add 3% education cess on the income tax of 17,500. 
With this 525/- your total tax outgo will be 18025/- in this case. 
•Taxable income of 8.5 Lakhs 
Here also, there is no tax on the first 2.5 lakhs. Then for the income between 2.5 lakhs and 5lakhs, your tax rate will be 10% 
and for the amount above 5 lakhs the tax rate will be 20%. The calculation will be as follows. 
First 2.5 lakhs = Nil, 2, 50,001 – 5 Lakhs = 25, 000, 5, 00,001 – 8.5 Lakhs = 70,000 
So, the total tax will be 95000. Also add 3% education cess on 95,000. So, the total tax outgo will be 97,850. 
•Taxable income of 13 lakhs 
Here, the tax calculation will be as follows. 
First 2.5 lakhs – Nil, 2, 50,001 – 5Lakhs – 25,000, 5, 00,001 – 10 Lakhs – 1, 00,000 
10, 00,001 – 13 Lakhs – 90,000 
So, the total tax will be 2, 15,000. Also add 3% education cess of 3% on 2.15 Lakhs. The total tax outgo will be 2, 21,450.

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Income tax on salary slab rate

  • 1. Income Tax on Salary- Slab Rate http://www.paisatalks.com/income-tax-on-salary-slab-rates-exemptions.html
  • 3. How to calculate Income Tax on Salary Let us work out the income tax liability with some examples. •Taxable income of 4.25 Lakhs You need not pay any tax upto 2.5 lakhs. For the amount in excess of 2.5 lakhs (4, 25,000 -2, 50,000 = 1, 75, 000) you have to pay tax at the rate of 10%. Your tax will be 17,500 in this case. Also add 3% education cess on the income tax of 17,500. With this 525/- your total tax outgo will be 18025/- in this case. •Taxable income of 8.5 Lakhs Here also, there is no tax on the first 2.5 lakhs. Then for the income between 2.5 lakhs and 5lakhs, your tax rate will be 10% and for the amount above 5 lakhs the tax rate will be 20%. The calculation will be as follows. First 2.5 lakhs = Nil, 2, 50,001 – 5 Lakhs = 25, 000, 5, 00,001 – 8.5 Lakhs = 70,000 So, the total tax will be 95000. Also add 3% education cess on 95,000. So, the total tax outgo will be 97,850. •Taxable income of 13 lakhs Here, the tax calculation will be as follows. First 2.5 lakhs – Nil, 2, 50,001 – 5Lakhs – 25,000, 5, 00,001 – 10 Lakhs – 1, 00,000 10, 00,001 – 13 Lakhs – 90,000 So, the total tax will be 2, 15,000. Also add 3% education cess of 3% on 2.15 Lakhs. The total tax outgo will be 2, 21,450.