Partial taxation Scheme of Agricultural Income

Businees Income 2.75 Less: Sec 80-C 1.00 Total Taxable Income 1.75 Add Agr Income 1.50 Total Income 3.25 Tax On total Income Rs 47,500 Rebate On agricultural Income Rs.25,000 Total tax Payable 22,500 Add Education cess @ 2 % 450 Tax Payable 22,950