Rediff.com |  Feedback  
You are here: » Rediff Home » Discussion Boards » Permalink
  
View : Single Message | Complete Thread | Read complete Discussion
Calculation wrong!!!
by Rams Kumar on Mar 12, 2007 10:36 AM   Permalink | Hide replies

Can anyone explain the below para written by rediff. I feel it is wrong. Let the author of this article get his calculations correct first, instead of confusing the tax payers.


""This Budget's impact would be most felt by tax assessees who are women, senior citizens or those who have a gross income of about Rs 5 lakh. Illustratively, someone with a taxable income of Rs 3.85 lakh would now pay tax of Rs 35,535, a reduction of about 5.85 per cent in taxes.""




    Forward  |  Report abuse
  RE:Calculation wrong!!!
by N sahu on Mar 12, 2007 12:34 PM   Permalink
I second this. Can the author please explain this calculation?

   Forward   |   Report abuse
The above message is part of the Discussion Board:
Rs 1,000 gift voucher from FM