Impact of New Proposed change in Tax rate Enter Net Taxable Income Rs 800 000 Enter income in yellow area without commas Existing Tax Structure by sja16996

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									            Impact of New Proposed change in Tax rate

Enter Net Taxable Income Rs.        800,000 Enter income in yellow area, without commas

                        Existing Tax Structure                     Proposed Tax structure
            Salb              Tax amt          Tax rate   Salb           Tax amt        Tax rate
        1           150,000                -   Nil               160,000            -   Nil
        2           150,000            15,000         10%        340,000        34,000         10%
        3           200,000            40,000         20%        300,000        60,000         20%
        4           300,000            90,000         30%            -              -          30%

Total               800,000         145,000                      800,000       94,000

                                                         Saving in tax Rs.     51,000

                                                         Tax saving per
                                                         month Rs.               4,250

								
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