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Computation of tax liability

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28 November 2014 LONg term capital gain- 20000 short term capital gain 111A- 10000 business income- 20000 winning from lottery - 5000 what is tax liability if assesse age is 40???

28 November 2014 Tax required to be on winning from lottery only at 30% under section 115BB
and other incomes are less than 200000/- therefor slab benefit will be allowed

28 November 2014 Tax required to be on winning from lottery only at 30% under section 115BB
and other incomes are less than 200000/- therefor slab benefit will be allowed




29 November 2014 tax to be paid on lottery income @ 30% . other income below rs. 200000/- then no tax.



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