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Education cess component not considered
by Rajendra Lande on Mar 01, 2008 01:34 AM

In this calculation education cess component of 3% on the total tax payable is not considered.

So a man having an income of up to Rs 5 lakh will actually get a benefit of Rs 44,000 1320 = 45320 :)

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Your income tax: How it works now