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Income Tax

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(Querist)
03 December 2009 Dear Experts,

For Ex. I have Income of 136000/- as Commission income & Rs.42000 as Agriculture Income..in F.Y.2008-2009
Do I have to Pay Tax or not ?

Thanks in advance
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HUZAIFA HUSSAIN

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HUZAIFA HUSSAIN (Expert)
03 December 2009 Since ur taxable income other than agriculture income is below the exemption limit of Rs.1.50 lakhs for f.y. 2008-09, ur tax liability is zero.
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CA Suresh Choudhary

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CA Suresh Choudhary (Expert)
03 December 2009 Agree with the Expert.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
03 December 2009 agree
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Murtaza I Bhagat

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Murtaza I Bhagat (Querist)
03 December 2009 thanks experts

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