Computation of total income & tax.

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Manoj Kumar (Querist)
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06 January 2012 INCOME FROM BUSINESS & PROFESSION-100000p.a.
INCOME FROM SALARY -200000p.a.
AGREE CULTURE INCOME -80000p.a.
A.Y. - 2012-2013.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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06 January 2012 Gross Total Income 300000
Deductions : NIL
Total Income : 300000
Add: Agriculture Income: 80000

Total Income for Rate Purpose : 380000

.
Tax on T.I for Rate Purpose
(Male)......................:20000 Less: tax on Agriculture Income
(180000+80000=260000) :8000
.
Net Tax Payable : 12000
Add: Educational cess : 360
Total Tax Payable : 12360.

Manoj Kumar

Manoj Kumar (Querist)
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10 February 2012 Thank you sir, For solve this question.

BUT, Sir I have one question this question matter.

Agree culture Income is add in salary then
Less "8000" then add in "B & P".After add education cess.That is total Income.

Please answer this matter.

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