Income tax
This query is : Resolved
sandeep Kumar
(Querist)
02 March 2015
Sir i have a question can you please answer me - if a man earn 1 cr in a year it means he had to pay 30 % income tax + 12 % super rich tax it means total 42 % tax it means totally 42 lakh tax he should pay ???
02 March 2015
12% SC for Income more than 1 Cr. If its exact 1 Cr SC will not be applicable.
Its 30% + 12% of 30% + 3% cess. So total will be 34.608%
Its 30% + 12% of 30% + 3% cess. So total will be 34.608%
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