Compution of Income
This query is : Resolved
15 September 2010
Dear Sir,
Suppose my income is Rs.300000/annul when i m going to compute income tax then i have to do less exemption limit which is Rs 160000 ?? or should pay tax on total amount ??
Thanks,
Krishna
Suppose my income is Rs.300000/annul when i m going to compute income tax then i have to do less exemption limit which is Rs 160000 ?? or should pay tax on total amount ??
Thanks,
Krishna
15 September 2010
Compute Tax on---
(Rs 300000-160000)
(Rs 300000-160000)
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15 September 2010
compute tax on Rs. 300000/- in the following manner:
tax on Rs. 160000 NIL
tax on next 140000/-
(300000-160000) 10%
(Rs. 14000/-)
Add: Education cess 3% 420
tax on Rs. 160000 NIL
tax on next 140000/-
(300000-160000) 10%
(Rs. 14000/-)
Add: Education cess 3% 420
Message likes :
1 times
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