total income 955525/-.how to calculate tax liability with current slab rates
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Tax liability
Replies (5)
Up to 200000 no Tax,
200000 to 500000= 10 percent
500000 to 1000000 = 20 percent
100000 and above = 30 percent
Upto 200000 No tax,
Beyond 200000 to 5 lakhs 10 percent i.e 30000
Beyond 500000 to 755525 20 percent i.e 51105
Total 81101 plus 3 percent Cess
Total tax..... 83534
total income is agricaltural +nonagricaltural income how much?
Agricultural Income exempt from Tax...
yes.at set off loss
Any Loss can not be set off against Exempted income...
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