Agreecalture Income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2010
suppose if I got Income of Rs 5000000/-from poultry forming or crops sale then i dont have to pay tax ?
09 August 2010
u need not pay tax on this... if u r individual u need to add this to ur total income and arrive at adjusted total income
and u need to calculate tax on this adjusted total income and u can claim rebate on the agricultural income
rebate is calculated as under.
add basic exemption with the agricultural income and then calculate tax on this. this would be ur rebate
and u need to calculate tax on this adjusted total income and u can claim rebate on the agricultural income
rebate is calculated as under.
add basic exemption with the agricultural income and then calculate tax on this. this would be ur rebate
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