Salary + agricultur income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2013
Daer Sir/Mem,
I have Salary income of Rs 15lacs P.A. and also have Agriculture income. can i consider the agriculture income for exampt income?
I have Salary income of Rs 15lacs P.A. and also have Agriculture income. can i consider the agriculture income for exampt income?
Manish Bhandari
(Expert)
18 December 2013
Conditions for exemption
1) Net Agri income should not exceed 5000
2) Non Agricultural income should not exceed the maximum amount not chargeable to tax
In your case your salary has crossed 200,000 which is basic exemption so exemption not available.
If it is below 5000 then you can avial.
1) Net Agri income should not exceed 5000
2) Non Agricultural income should not exceed the maximum amount not chargeable to tax
In your case your salary has crossed 200,000 which is basic exemption so exemption not available.
If it is below 5000 then you can avial.
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