Helpfulbox Now Offers Free POS Software for restaurants, kiosk, and any other retails business completely free used windows cashier system or as full blown POS. You will able to print to kitchen, display orders on the kitchen screen, manage inventory, employee, report, customer loyalty offers, employee management, delivery address track and much more, al for free.

I am a contract employee getting Rs.20000 per month.Do i have to pay tax and file returns? Submission of return compulsory. You can save tax by planning. If no planning, U R liable to pay tax. Your employer liable to deduct tax at source.

By: Guest
Date: Unknown--
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Answer 1

You have to file your returns as your income is more than 1.5 lakhs per year. You have to pay tax as follows:

Tax Calcu. for MALE -Tax free Amt. Rs.150000 FY:08-09

AY:09-10

240,000 = Gross Total Income (Taxable At Slab Rates)

000,000 = LESS: Deductions U/Chapter IV-A (80C Etc.,)

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240,000 = Net Total income taxable as per slab rates

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000,000 = Tax @ 0% On TAX FREE Amt. Rs. 150,000

009,000 = Tax @10%: 1.5 to 3.0 lakhs on Rs. 090,000

000,000 = Tax @20%: 3.0 to 5.0 lakhs on Rs. 000,000

000,000 = Tax @30%: On > 5.0 Lakhs on Rs. 000,000

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009,000 = TAX PAYABLE on net Income Rs. 240,000

000,270 = ADD: Edu. cess @ 3% on tax Rs. 009,000

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009,270 = Net Total Tax Payable.

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[d] By: Guest
Date: Unknown---
Response
What is 1 + 100



Helpfulbox Now Offers Free POS Software

for restaurants, kiosk, and any other retails business completely free. It can be used as windows cashier system or as full blown POS. You will able to print to kitchen, display orders on the kitchen screen, manage inventory, employee, report, customer loyalty offers, employee management, delivery address track and much more, all for free.

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