Tax table


Tax calculation uses the tax status indicator, age group, part/full time, and number of dependents to look up the tax rate table. The tax rate table is usually provided by the tax authority. In most cases, look-up tables are not allowed to be maintained by users.

Example

Reg. Year Status Min. Amt. Max. Amt. Basic Ded. Perc.

------------------------------------------------------------------------

01 1995 M 500000 17.00

01 1995 M 500000 1000000 85000 18.00

01 1995 M 1000000 1500000 175000 19.00

01 1995 M 1500000 2000000 270000 20.00

01 1995 M 2000000 3000000 370000 21.00

01 1995 M 3000000 4000000 580000 28.00

01 1995 M 4000000 5000000 860000 36.00

01 1995 M 5000000 6000000 1220000 41.00

Recommendation

Do not maintain the table unless absolutely necessary.