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
2 Replies
Amir
(Learner)
(4016 Points)
Replied 29 December 2009
Yes you are rite...That if salary income is Rs. 1 Lac & Agriculture income is Rs. 50 Lacs then Tax Liability would be NIL
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