Tax on Salary Income if joined Company in middle of year

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  1. Sindhu19

    Sindhu19 New Member

    Dear Experts,


    If any person joined in company in the middle of the financial year means FY 2014-15, joining in 01.01.2015 and his package is Rs.1700000/- per annum then how to calculate tax on salary. can any one tell me how to do please....
     
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    In such a case, your proportionate salary for the no. of months worked by you would be computed.

    And then tax would be levied on this income as per the slab rates.

    Your employer will himself compute your tax liability and deposit the same with the govt in the form of TDS.
     
    Sindhu19 likes this.
  3. kavya varma

    kavya varma New Member

    he can be taxed under the head salary even though there is only one receipt of income and the normal provisions are applicable..
     
    Sindhu19 likes this.
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