Income tax slab
This query is : Resolved
06 March 2016
please solve my confusion
suppose my work borwell (hole work) & my nett receipt on borwell work 9 lacs rs. & agriculture income 4 lacs rs., So my income 9+4=1300000 lacs rs., so how my taxable income, in which tax. because 400000 lacs income is tax free income.
so how my total income & Which it will be in the slab.
20% ya 30% ??????
19 March 2016
First you need to compute tax on 13 Lacs and then reduce tax computed on (Basic Exemption + Agriculture Income)
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