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calculation of tax liabilty


Bhanu (hyderabad)     19 December 2017

Bhanu
hyderabad 
 210 likes  1579 points

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question
during the previous year relevant to the current assessment year in college Annual Day function as a student of your college you have received the following
calculate tax liability for each of the receipt and comment up on the same on the assumption that your income from other heads is 350000
1) best student cash prize 10000 rupees
2) lucky student in Lucky dip prize 10000 rupees
3)best singer price rupees 10000 4)merit scholarship received 100000 rupees

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