How to compute income

This query is : Resolved 

30 July 2011 total payment rect agst taxi charges rs 232800 form 16a for 2976/ payment to driver paid by me rs 60000/ and maintenance 15000/

30 July 2011 (Sale) Payment Recd against Taxi)--- 232800
Less:-
Expenses
Salary to Driver Rs.60000
Maintanance Rs.15000
-------- (75000)
-------
Net Profit 157800
after this use slabs!!!



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