Mr.

Rizwan Jawaid
Tax Calculation for Tax Period 2021-22
Bonus 53,760 Tax Slab 600000 5%
Month Gross Salary Med Ex. Taxable Income Tax
July-21 53,760 3,258 50,502 249
Aug-21 53,760 3,258 50,502 249
Sep-21 53,760 3,258 50,502 249
Oct-21 53,760 3,258 50,502 249
Nov-21 53,760 3,258 50,502 249
Dec-21 53,760 3,258 50,502 249
Jan-22 64,512 3,910 60,602 754
Feb-22 64,512 3,910 60,602 754
March-22 64,512 3,910 60,602 754
April-22 64,512 3,910 60,602 754
May-22 64,512 3,910 60,602 754
Jun-22 64,512 3,910 60,602 754
Total 709,632 43,010 666,622 6,019

Income tax slabs for salaried persons:

In the case of salaried individuals, there are 11 tax slabs with a progressive taxation rate ra
To find out what tax rate is applicable to you, multiply your gross monthly salary by 12 and
For income above Rs600,000 but not exceeding Rs1,200,000, individuals will pay 5% of the
 Tax Ratio Tax for Slab 600K - 1.2M
Tax ratio
21-Jul
53,760

Medical Exumption

Bonus

Slab
Taxable salary

Taxable

rogressive taxation rate ranging from 5% to 35% of income.

s monthly salary by 12 and match it with the corresponding slab.
ividuals will pay 5% of the amount exceeding Rs600,000.
 Tax for Slab 1.2M - 1.8M
5% Tax ratio 10%
22-Jun Fixed Tax 30000
64,512 21-Jul 22-Jun
64,512 150,000
709,632
43,008 1,287,072
666,624 Medical Exumption 78,005
53,760 1,209,067
720,384 Bonus 53,760
600,000 1,262,827
120,384 Slab 1,200,000
Taxable salary 62,827
6,019 Taxable 36,282.72