Agriculture imcome
Querist : Anonymous
One of my client have agriculture imcome Rs 27000.is it exempt or taxable. Please help regarding this matter.
Expert : Anonymous
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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