Slab deduction term is used in Foreign Allownce.What for purpose it is deducted & amount has to be utilised ?

Answer 1

From website:

"In India, Individual income tax is a progressive tax with three slabs.

No income tax is applicable on all income up to Rs. 100,000 per year. (Rs. 135,000 for women and Rs. 185,000 for senior citizens)
From 100,001 to 150,000 : 10% of amount greater than Rs. 100,000 (Lower limit Rs. 135,001 for women and n/a to senior citizens)
From 150,001 to 250,000 : 20% of amount greater than Rs. 151,000 + Rs. 5,000 (For women: Rs. 1500) (For senior citizens, the lower limit is Rs. 185,000)
Above 250,000 : 30% of amount greater than Rs. 250,000 + Rs. 25,000 (Rs. 21,500 for women and Rs. 13,000 for senior citizens)"

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