Documents Required for Salary Tax Return
- Bank statements of all accounts in your name
- Salary slips or tax withholding certificates
- Tax withheld on mobile phone, utility bills, internet.
- Vehicle purchased or sold during the tax period
- Property purchased or sold during the tax period
- Detail of properties in hand
- Any prize bonds or shares held
- Any loans or liabilities
- Any gift received or given during the tax period
- Details of estimated personal expenses (like education fees, utilities, rent etc)
- Any other financial information
Salary Individual Slab Rates u/s 149
Slab Rates | ||
Slab | Rate on Exceeding Amount | Fixed Tax |
Up to 600,000 | Nil | Nil |
600,000 to 12,00,000 | 5% | Nil |
1,200,000 to 1,800,000 | 10% | 30,000 |
1,800,000 to 2,500,000 | 15% | 90,000 |
2,500,000 to 3,500,000 | 17.5% | 195,000 |
3,500,000 to 5,000,000 | 20% | 370,000 |
5,000,001 to 8,000,000 | 22.5% | 670,000 |
8,000,001 to 12,000,000 | 25% | 1,345,000 |
12,000,001 to 30,000,000 | 27.5% | 2,345,000 |
30,000,001 to 50,000,000 | 30% | 7,295,000 |
50,000,001 to 75,000,000 | 32.5% | 13,295,000 |
75,000,000 and above | 35% | 21,420,000 |