Whenever there is talk of government jobs in India, IAS and IPS will be placed at the top. Organized by Union Public Service Commission UPSC In these jobs, the candidates who get top rank in the Civil Services Examination get a huge salary along with many other facilities. Let us know today whether the salary of IAS and IPS is tax free or like other employees, they also have to pay tax from their salary to the government.
First know how much is the salary.
The salary received by every employee posted from small to big post in any ministry or department of the Government of India, including IAS and IPS, is determined by the Pay Commission. Talking about the present time, 7th Pay Commission is in force in the country. Under this, the starting salary of an IPS or IAS is Rs 56,100 per month. Apart from salary, these officers also get many other allowances including TA, DA, HRA, mobile etc every month. As their position increases, their salary also increases. By the time he retires from the job, the salary of an IAS officer can reach Rs 2,25,000.
What is the tax rule on his salary
Very This makes people think that there will be no tax on the salaries of IAS and IPS officers. But, this is wrong. The salary of these officers is also taxed in the same way as the salary of an ordinary employee.
How much tax will be charged
Under the new tax regime? If we look at the calculations, if a person’s income is between Rs 3 lakh to Rs 7 lakh, then 5% tax will be levied on his income. Apart from this, if a person’s salary is Rs 7 to 10 lakh, then 10 percent tax will be levied on his income. At the same time, if the salary of an employee is Rs 10 to 12 lakh, then 15 percent tax will be levied on his income. Whereas, a person earning Rs 12 to 15 lakh will be taxed at 20%. At the same time, 30% tax will be levied on income above Rs 15 lakh. That means, if the starting salary of an IAS officer is Rs 56,100 per month, then according to the new tax regime, 5 percent tax will be levied on his salary. Whereas, if the salary of an IAS officer is Rs 2,25,000, then 30 percent tax will be levied on his salary.
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