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maasujeet
Dec 7, 2008, 12:44 AM
What is slab rate of income tax of salary employee?

MukatA
Dec 8, 2008, 03:41 AM
For Unmarried Individuals (other than Surviving Spouses and Heads of Households)

If Taxable Income Is: The Tax Is:

1. Not over $8,025 10% of the taxable income

2. Over $8,025 but not over $32,550 $802.50 plus 15% of the excess over $8,025

3. Over $32,550 but not over $78,850 $4,481.25 plus 25% of the excess over $32,550

4. Over $78,850 but not over $164,550 $16,056.25 plus 28% of the excess over $78,850