Impact of Income Tax & Inflation on Salary

Know the impact of Income tax rates & Inflation rate of your income. It is not enough that your gross income is high whats Important is that your personal income is high enough to fulfil your needs & improve your life standard. Compare your increment with the inflation & income tax rates. Otherwise you would not be able to know that whether your increment will be adding something to your life standard or just enough to offset the rising inflation and taxes.