agricultural income

Tax queries 490 views 2 replies

income from salary as director of agricultual pvt ltd company is Rs 100,000 per year  and agricultural income is 50 lakh per year what is  tax liability ,no tax to be paid as salary is under limit  thanks 

Replies (2)

Yes you are rite...That if salary income is Rs. 1 Lac & Agriculture income is Rs. 50 Lacs then Tax Liability would be NIL 

If  taxable income is less than the income exempt from income tax then no Partial Integration is applicable

So Tax Liablity is NIL


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