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This query is : Resolved
24 March 2013
In the Asst. Year 2012-13 I have earned 140000 from other source & 60000 from agriculture income.What will be my tax or the total agriculture income will be exempted. Kindly suggest me as soon as possible
24 March 2013
For A.Y 2012-13 basic exemption limit is Rs.1,80,000 for Male individual or HUF incase of femal individual it is Rs.1,90,000. So in your case total taxable income is Rs.1,40,000 which is below basic exemption limit so there is no tax liability to you.
No tax will be payable by you.
OM SAI SRI SAI JAI JAI SAI
No tax will be payable by you.
OM SAI SRI SAI JAI JAI SAI
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