Tax on income tax
This query is : Resolved
25 August 2016
Agriculture Income 8,00,000
Total Income (COMMISION) 3,00,000
Basic Exemption 2,50,000
Income Tax (Before Tax Credit U/S 87A) 1,55,000
Tax Credit U/S 87A 2,000
Income Tax 1,53,000
Agriculture Relief 1,40,000
Education Cess 390
Total Tax 13,390
PLEASE LET ME KNOW HOW AGRICULTURE RELIEF IN CALCULATED SOFTWARE
Total Income (COMMISION) 3,00,000
Basic Exemption 2,50,000
Income Tax (Before Tax Credit U/S 87A) 1,55,000
Tax Credit U/S 87A 2,000
Income Tax 1,53,000
Agriculture Relief 1,40,000
Education Cess 390
Total Tax 13,390
PLEASE LET ME KNOW HOW AGRICULTURE RELIEF IN CALCULATED SOFTWARE
Amol S Joglekar
(Expert)
26 August 2016
just try this link.....see if it is helpful to you
https://www.incometaxindia.gov.in/pages/tools/income-tax-calculator.aspx
https://www.incometaxindia.gov.in/pages/tools/income-tax-calculator.aspx
26 August 2016
I LINK ..AND SHOWN SAME INCOME TAX .. BUT I WANT TO KNOW HOW ITS CALCULATING ? WHATS RATE.
Amol S Joglekar
(Expert)
26 August 2016
agricultural income is added for rate purpose ONLY.
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