2007-03-14 19:14:29 · 4 answers · asked by ssunderagarwal 4 in Business & Finance ➔ Taxes ➔ India
The salaries and perks of only the President of India and the Chief Justice of India are tax-exempt. Rest all salaries are taxed as per the respective legal provisions applicable to them.
2007-03-14 19:29:05 · answer #1 · answered by helpaneed 7 · 2⤊ 8⤋
Clarify
1. Which country
2. Residential Status
3. Income of which period
If you are asking about India then following may help you.
If he has no other Income except this 25000 pm and no savings then the tax payble for AY 2006-07 is 40800.(including Surcharge and education cess)
2007-03-15 04:58:54 · answer #2 · answered by Anonymous · 8⤊ 2⤋
no because he is an economist and he knows much better the income tax rules and how to evade them
2007-03-14 20:00:34 · answer #3 · answered by debashish s 1 · 2⤊ 7⤋
he is definitely taxable as any of your fellow citizens earning such amount
2007-03-14 19:22:33 · answer #4 · answered by tolitstolites 3 · 2⤊ 7⤋