Itr 2 query

Hi 

Agricultural income is exempt from Income Tax under section 10(1) of the Income Tax Act, 1961. However, its included, for rate purposes, in computing the Income Tax Liability if following two conditions are cumulatively satisfied:

1. Net Agricultural income exceeds INR 5,000/- for P.Y. 2019-20, and

2. Total income, excluding net Agricultural income, exceeds INR 2,50,000/-.

Tax calculation will be 

Tax on total Income including agricultural income =641641

Upto 250000---Nil

250000-500000----------12500

above----500000-------------28328

Total Tax ----------------40828

Tax on agricultural income including basic exemption limit

Total Agricultural Income -----296411

Add basic exemption limit------250000

Tax on above 

upto 250000------NIL

250000-500000---------12500

above 500000-----------9282

total tax ====21782

tax payable ===40828-21782=19046

less  Rebate U/S 87A=======12500

Balance Tax payable ========6546

Add edu cess===========263

Total Tax payable ========6809