zubaida sidiq
Page no : 2
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195708 Points)
Replied 30 December 2017
Yes, as in the above case the slab changed from 10% to 20%.........
So, for calculating the tax liability it is just included in income, but tax is paid only on the taxable income.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195708 Points)
Replied 31 December 2017
Benefit to assessee........ the exempted income doesn't get taxed.........
And benefit to Government....... whatever taxable income ....... gets taxed at higher tax slab rate ...
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