C.A. CWA Final
251 Points
Posted on 21 January 2010
Dear Govinda tax can b calculated as follows:
Step-1 Calculate tax on total income including agriculture income.
Step-2 Claculate tax on Ag. Incoming by adding ag income in slab, i.e. 160,000+ ag income.
Step-3 Deduct the amount of tax calculated in step 2 form step 1
Step- 4 Resulting figure will be tax on total income.