I have a salaried income of Rs. 2,40,000/- annually & i hv an agri. land & want to show Rs. 2 lacs agri. income from this land what will be tax structure applicable?
23 March 2009
U'LL HAVE TO COMPUTE TAX ON TOTAL OF 4.40LAKHS AND THAN CLAIM DEDUCTION ON EXEMPTED INCOME iE., (RS.2.00 + BASIC EXEMPTION LIMIT, WHICH IS RS.1.50LAKHS FOR MALE FOR AY 2009-10)
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