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Tax liability

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2011 If a senir citizen (woman)
DOB : 12.04.1939
Income from other sources:Rs.724823/-
Tax : Rs.73094/-
Please let me know how this tax liability arrived.I want to know step by step.
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CA Ashwani Agarwal

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CA Ashwani Agarwal (Expert)
31 July 2011 Till 240000 - NIL
From 240001 to 500000 - 26000
From 500001 to 724823 - 44965

Total Tax 70965 + 3% Cess 2129 = 73094.

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