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Income tax

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Querist : Anonymous

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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...
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CA Suresh Jain

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CA Suresh Jain (Expert)
11 August 2013 The rate of tax applicable is 10% on the income exceeding 2 lakh
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