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Agriculture income


Pankaj Rao   29 September 2020

Pankaj Rao

 4 points

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Explain the concept of the agriculture income how to compute the tax liability of agriculture income

avater

Sagar Patel (Tax and Business Consultant)     29 September 2020

Sagar Patel
Tax and Business Consultant 
 995 likes  11141 points

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If you have only Agriculture income than, it's totally Exempt from tax..NO TAX liability.

Joraver (Prop.)     02 October 2020

Joraver
Prop. 
 22 points

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How to compute the tax liability of agriculture income and Bussiness income

avater

Sagar Patel (Tax and Business Consultant)     04 October 2020

Sagar Patel
Tax and Business Consultant 
 995 likes  11141 points

View Profile | My Other Post

1. Compute tax on total income (i.e Agriculture + Non Agriculture)
2. Compute tax on (Agriculture income + Exemption limit i.e 2,50,000)
3. Step 1 tax - Step 2 tax = Tax payable
4. Surcharge and cess, if applicable


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