Showing rebate on agricultural income in tax payable on total income

This query is : Resolved 

Quick Summary
This discussion explains how agricultural income can lead to a tax rebate, effectively reducing the total tax payable. The example shows that declaring agricultural income of Rs. 3.50 lakhs resulted in a rebate of Rs. 2,500, lowering the final tax due. This rebate is applicable when the agricultural income exceeds the maximum amount not chargeable to tax.

01 August 2025 Tax payable on total income 2
a Tax at normal rates on 15 of Part B-TI 2a 11,306
b Tax at special rates (total of col.(ii) of Schedule-SI) 2b 349
c Rebate on agricultural income [applicable if (12-13) of Part B-TI
exceeds maximum amount not chargeable to tax] 2c 2,500
d Tax Payable on Total Income (2a + 2b -2c) 2d 9,155

01 August 2025 It means you have declared agricultural income of Rs. 3.50 lakhs.

24 September 2025 Good Luck...


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 08 July 2026
Article internship

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
23 July 2026
Semi qualified CA

Garg Bros & Associate CA

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 July 2026
Article Assistants

R Shyam and Associates

New Delhi

CA Final

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
Featured 18 July 2026
Senior Manager- Finance & Accounts

apricus india

Ahmedabad

CA

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details