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How is the income tax and PF calculated in India? For example: person X is getting 6 lakhs per annum. How is the PF calculated for him?
How much is the income tax for someone earning 6 lakhs per annum?
If someone is earning 6 lakhs per annum, they fall into the 10% tax bracket. So the income tax would be 10% of their taxable income minus any deductions they are eligible for.