new budget
pathak mihir (189 Points)
01 February 2019
so as per new budget if person earns 13 lacks per annum what tax he has to pay??
pathak mihir (189 Points)
01 February 2019
P. Venkata sai Mahendra
(CHARTERED ACCOUNTANT)
(41 Points)
Replied 01 February 2019
| Income tax | |
| 5% | 12500 |
| 20% | 100000 |
| 30% | 90000 |
| Total | 202500 |
| Helath and Education Cess | 8100 |
| Tax Payable | 210600 |
It is same as last year only. No change. You will get benifit of rebate 5,00,000 (New amendment in this budget) only if your net taxable income <= 5,00,000
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