agriculture income with salary income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2010
if an individual has salary income around Rs. 11000p.m.(132000 yearly) and the agriculture income is nearby rs.4 Lacs...then how to caclulate tax liability??
23 November 2010
if the taxable income is greater than the slab rate i.e Rs.160000/- incase of Indiuval then only the Agricultural income should want to be considered otherwise dont consider
Here the income is less than the slab rate therefore dont consider the agricultural income for tax purposes
Here the income is less than the slab rate therefore dont consider the agricultural income for tax purposes
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Querist : Anonymous
Querist :
Anonymous
(Querist)
23 November 2010
that means if an individual has non agri. income below exemption limit then agriculture income will not be added with the non agri. income for rate calculation....
then now ITR-1 will be applicable to that individual?? as the agri income is not added for rate purpose ITR 2 wont be applicable??
then now ITR-1 will be applicable to that individual?? as the agri income is not added for rate purpose ITR 2 wont be applicable??
23 November 2010
ITR - 2 only would be applicable to the person.
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