Dear sir, I have a doubt that if an individual has annual income of Rs. 266320 and has Yes with Rs. 8114 and one of tax Consultant has filed a return ITR4S on 26.07.17 with refund of Rs. 8110.
I have asked a question to the Consultant as per It slabs Rs.266320 is taxable on 16320 with 10% I.e., 1632 will have to pay tax. But he stating that less than 5lacs slab is 270000 for fy 15-16 and fy 16-17 is 300000 is it correct or wrong plz, revert as soon as possible plz.