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PANCHALI_R | 09:56 Wed 06th Oct 2004 | Business & Finance
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What is the tax slab in UK like?
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If you are referring to how much income tax there is; it ranges from 28% to 40% depending on your monthly salary.
Income tax is based on annual earnings not monthly and it doesn't have to be in the form of a salary. your earnings are set in to levels the limits change each year but currently you have a level at which you pay 0%, 20%(savings interest Only), 22%, 32.5% (dividend supplement for higher rate tax payers) and 40%

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