24 September 2009
How to calculate tax when there is agriculture income of Rs. 1000000 and taxable income Rs. 1258920/-? The assessee is Individual Plz expalin in detail
25 September 2009
1. Calculate tax on taxable income + agriculture income 2. Calculate tax on agriculture income + basic exemption limit. 3. Deduct 1 -2 ( as calculate above ) 4. Result will be tax payable
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