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Marginal relief (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
14 June 2012

 A company whose income is 11000000, what is Amount of Tax as per Asst. yr.2012-13


Siddhartha Bhardwaj

( Expert )
14 June 2012

 Tax liability comes to Rs. 35,68,950 including surcharge & cess

Marginal relief is not available becuase it results in higher tax liability.



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