Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2013
dear sir
my income is rs 500004.
and i hav deduction of 124500+100000..
what is my tax cetegry of tax calculation...
mans 10% or 20%....
plz... reply me...
my income is rs 500004.
and i hav deduction of 124500+100000..
what is my tax cetegry of tax calculation...
mans 10% or 20%....
plz... reply me...
CA Suresh Jain
(Expert)
11 August 2013
The rate of tax applicable is 10% on the income exceeding 2 lakh
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