new budget
pathak mihir (189 Points)
01 February 2019
so as per new budget if person earns 13 lacks per annum what tax he has to pay??
3 Replies
P. Venkata sai Mahendra
(CHARTERED ACCOUNTANT)
(41 Points)
Replied 01 February 2019
| Income tax | |
| 5% | 12500 |
| 20% | 100000 |
| 30% | 90000 |
| Total | 202500 |
| Helath and Education Cess | 8100 |
| Tax Payable | 210600 |
It is same as last year only. No change. You will get benifit of rebate 5,00,000 (New amendment in this budget) only if your net taxable income <= 5,00,000
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