For calculating tax payable by way of adding agriculture income two condition must fulfil.
1. Agriculture income must exceeds Rs. 5,000.00
2. Total income must exceeds the minimum basic exemption limit.
Now what is total income here GTI or Net.
If it is GTI than indirect way of calculating tax will be applicable and if it is Net than tax liability will be NIL.
For calculating tax payable by way of adding agriculture income two condition must fulfil.
1. Agriculture income must exceeds Rs. 5,000.00
2. Total income must exceeds the minimum basic exemption limit.
Now what is total income here GTI or Net.
If it is GTI than indirect way of calculating tax will be applicable and if it is Net than tax liability will be NIL.
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