if my total income is570000
then tax is
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if my
Replies (1)
if the assessee is resident individual and age is less than 60 years
for AY 2018-19
TAX ON TOTAL INCOME
2,50,000*5%=12,500
70,000*20%=14000
Cess @ 3%on
rs26,500. =795
total tax liability 27,300 (rounded off)
for AY 2019-20
2,50,000*5%=12,500
70,000*20%=14,000
cess @ 4%on rs
26,500. =1,060
total tax liability =27,560(rounded off)
#for further information please reply
for AY 2018-19
TAX ON TOTAL INCOME
2,50,000*5%=12,500
70,000*20%=14000
Cess @ 3%on
rs26,500. =795
total tax liability 27,300 (rounded off)
for AY 2019-20
2,50,000*5%=12,500
70,000*20%=14,000
cess @ 4%on rs
26,500. =1,060
total tax liability =27,560(rounded off)
#for further information please reply
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