zubaida sidiq

297 views 18 replies
purpose*

Yes, as in the above case the slab changed from 10% to 20%.........

So, for calculating the tax liability it is just included in income, but tax is paid only on the taxable income.

what is the benefit of this.....

Benefit to assessee........ the exempted income doesn't get taxed.........

And benefit to Government....... whatever taxable income ....... gets taxed at higher tax slab rate ...


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