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The tax on the same is say Rs 33.99 (applying highest tax slab rate of 30% plus surcharge of 10 % plus ... Fixed income head of ABN AMRO India fund quits ......
The current level of DA is 59 per cent of basic pay, so the salary is way into the highest taxable slab of 30 per cent rate on his annual income , ......
You can then avail Section 80C deduction according to your tax slab . ... is divided into five heads: income from salary , income from house/property, ......
For an individual falling under a differential tax slab it is even more prudent not ... has the ability to meet a hefty EMI payment from his salary income . ......
These examples are for last years tax slabs , but I think you would generally get ... somebody who does the tax saving part of the salary / income diligently, ......