Hi how is pf and income tax calculated?

my salary is 7500 pm can any one tell me how is my pf calculated and income tax calculated for a female citizen of india
Answer:

PF: 12% of (Basic+DA) IT: Please download the calculator from http://www.freewebs.com/rajanpras/itcalcfy2009.htm. As of now, your tax liability is NIL.

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Other answers

You do not have to pay any income tax. Read about Provident Fund http://mytaxes.in/index.php?topic=128.0 Read about India Income tax rates for financial year 2008-09 (assessment year 2009-10): http://mytaxes.in/index.php?topic=7.0

Jss

Hi Dear PF is calculated at 10% of your basic Salary> It is deducted and deposited by your Employer. If your annual income exceeds 1,85,000 you pay IT. For the next 1Lac you could avoid ITax if you Invest under Sec 80C of ITax.

Dragon

PF is calculated @ 12% on your basic salary, and for income tax visit www.incometaxindia.gov.in tulsi gupta

tulsi gupta

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