MARGINAL RELIEF

Tax will be before margin relief : - 232265.00

After margin relief : - 226180.00

Difference : -  6085.00 benefit of margin relief 

u can calculate tax on

1st rs. 10,15,030 tax liability is rs. 2,30,459.90 bfore ecess @ 2% & shec @ 1%.

2)calculate tax on rs.10,00,000 it is rs. 2,05,000 &  add excess of  ur income over 10,00,000 i.e. 15,030.00

so total tax liability is rs. 2,05,000+15,030=2,20,030.00

with that ur  tax liability is rs. 2,20,030 bfore ecess @  2% & shecess @ 1%.

ur tax saving is rs. 10,429.90/- (2,30,459.90-2,20,030).

dis is the calculation in case of a marginal relief.