Hi,
Sankarsan is right. In India, tax is calculated on annual basis (monthly salary is projected for rest of the months) and annual salary is calculated. For this annual salary, various tax exemptions & deductions are reduced as per his eligibility and balance is taxable income. If this amount is less than his tax slab, then no tax will be deducted.
Indian tax slab is: upto 2.5 Lakhs - No tax
2.5 Lakhs to 5 Lakhs - 10% tax
5 Lakhs to 10 Lakhs - 20% tax
Above 10 Lakhs - 30% tax.
You can check the tax slab rate in table v_t7int3.
Please check the output of INTAX function for the tax wage types.
regards,
Bala.