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Mrs. sumita agrawal has one-agriculture income Rs.1,85,000, agriculture income Rs.50,000 what is tax liability

  • mrs sumita agrawal has following income non gariculture income Rs. 1,85,000, agriculture income Rs. 50,000. what is her tax liability.?

  • Answer:

    If Mrs.Sumith is <65 years old with Non.Ag.Income Rs.1.85 Lakhs and Ag.Income Rs.50,000/- the tax will be like below: * If she has no Ag.income then tax= Rs. 8,500+ EC 170= 8,670/- * With Ag.Income Rs.50,000. Tax= Rs.10,000+ EC 200=10,200/- That means her tax has been increased by 1500+EC 30= Rs. 1530/- (from Rs.8670 to Rs.10200/-due to Ag.Income Rs.50,000/-) In case if she is >65 years, then she need not have to pay any tax at all including Ag.income Rs.50,000/- as she has no taxable income (Exempted limit for >65 years= Rs.1.85 Lakhs.). OK ? xxx

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