income from salary as director of agricultual pvt ltd company is Rs 100,000 per year and agricultural income is 50 lakh per year what is tax liability ,no tax to be paid as salary is under limit thanks
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agricultural income
Replies (2)
Yes you are rite...That if salary income is Rs. 1 Lac & Agriculture income is Rs. 50 Lacs then Tax Liability would be NIL
If taxable income is less than the income exempt from income tax then no Partial Integration is applicable
So Tax Liablity is NIL
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