for 900000
pa
Dear Gopal Krish.,
What is your exact query ...?
3 Replies
Umakanth 07
(54 Points)
Replied 29 September 2017
1) from 0 - 250000 = tax is nil
from 250000 - 500000 = 10% on difference amount ( 25000 )
from 500000 - 900000 = 20% on difference amount ( 80000 )
income tax = 0 + 25000 + 80000
= 105000
2) education cess 2% and secondary/higher education cess 1% on income tax .
3) 3% on income tax 105000 I.e 3150
4) total income tax 105000 + 3150 I.e 108150
from 250000 - 500000 = 10% on difference amount ( 25000 )
from 500000 - 900000 = 20% on difference amount ( 80000 )
income tax = 0 + 25000 + 80000
= 105000
2) education cess 2% and secondary/higher education cess 1% on income tax .
3) 3% on income tax 105000 I.e 3150
4) total income tax 105000 + 3150 I.e 108150
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