Please try again, you should have a google account to connect, and on the Google sheet, you just need to add your monthly employment income, it will automatically calculate your tax per month.
500K is the slab applicable when you calculate the income tax on the annual income. When you calculate it for a month, you have to divide it by 12. On the monthly income of 150K example, first 100K is exempt, only on the balance 50K, tax payable will be calculated. Therefore, as per the first tax slab (500K/12) which is 41667, 6% tax will be calculated, and the balance amount i.e. 8333 (50K - 41667) will be calculated as per the second tax slab 12%. Therefore, total of 3500/- will charged as tax for the monthly employment income of 150K. Hope this is clear.
Great explanation 🤩❤️ ඉතාම හොඳ පැහැදිලි කිරීමක්. විශිෂ්ඨයි. ❤️
Thank you sir ❤️
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Great Explanation by Great Person way to go Rifkhan ❤
Thank you Inzam 🙂
Great explanation!!!would be more helpful if you could add english subtitles
Thanks for the suggestion, will check it out 🙂
ඉතාමත් වටිනා පැහැදිලි කිරිමක්.
3.42
ඔබ 50,000/- ක් කියලා කියනවා.. නමුත් ස්ක්රින් එකේ 500,000/- ස්ලැබ් පෙන්වන්නේ..
එක පොඩ්ඩක් පැහැදිලි කරන්න පුළුවන්ද ?
Link not connecting 😢
Please try again, you should have a google account to connect, and on the Google sheet, you just need to add your monthly employment income, it will automatically calculate your tax per month.
500K is the slab applicable when you calculate the income tax on the annual income. When you calculate it for a month, you have to divide it by 12.
On the monthly income of 150K example, first 100K is exempt, only on the balance 50K, tax payable will be calculated.
Therefore, as per the first tax slab (500K/12) which is 41667, 6% tax will be calculated, and the balance amount i.e. 8333 (50K - 41667) will be calculated as per the second tax slab 12%.
Therefore, total of 3500/- will charged as tax for the monthly employment income of 150K.
Hope this is clear.
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