RE:Agriculture Income
by mohammed ahmed on Mar 02, 2008 04:37 PM Permalink
you r supposed to pay rs. 2060 as tax.
270000 business income(-)80C Rs. 100000 =170000 gross total income 1. calculate tax on 170000 gti 100000 agri income 2 calculate tax on basic exmption agri income ie. 100000 100000 3. reduce the tax calculated at point 2 from point 1 balance is the tax payable plus education cess
