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Tax rate on income from lucky draw

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 January 2013 Please guide me about the tax rate applicable to individual who has income less than income liable to tax and earns suppose Rs. 50000 from lucky draw what will be the amount of tax payable on this income and if he has total annual income Rs. 200000 in F.Y. 2011-12 then what will be the tax amount
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
12 January 2013 The tax rates applicable in both the cases will be similar and that is 30%+2%EC+1%S&HSEC.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 January 2013 thank you sir
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