Income tax

INCOEM IS TAX IS APPLICABLE ON AVERAGE RATE ON INCOME EARNED BY NORMAL OPERATION  ACTIVITY OF BUSINESS NAMELY :-

AS PER CURRENT SLAB 2014-15

250000                        :   EXEMPTED

250001 TO 500000       :    10%

500000 TO 1000000     :     20%

ABOVE 1000000         :      30%

It is Scrap during process of Process of converting Paddy to rice. Sale of Husk is not a Agricultural Income as it does not involve any agricultural activities, Hence not exempt u/s.10(1). It is normal income and as Jitu said it is PGBP Income and calculate tax as per applicable rates.