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Agriculture imcome

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Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2018 Sir
One of my client have agriculture imcome Rs 27000.is it exempt or taxable. Please help regarding this matter.

Expert : Anonymous

Expert : Anonymous (Expert)

15 May 2018 The amount per se is exempt. But if he is having any other income integrated method of tax computation applicable.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)

16 May 2018 Integrated Method:
Compute Total income of your client.
Add: Net Agriculture Income (if above Rs 5000/) in the Total Income and compute tax on the aggregate amount.
From the above tax deduct tax on (250000+27000) which is Rs 2700. (Assuming Net AI is 27000). The balance amount is Net Tax.

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