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compute income tax for the nett income of Rs 325560
In case of
Individual
Resident women
Senior citizen
Firm add education cess on the tax



compute income tax for the nett income of Rs 325560 In case of Individual Resident women Senior..

Answer / maruthi

net income = 325560/- as per A.Y.2009-2010.

individual

150001 to 300000 - 10%

in this case net income Rs.325560/- it is more than

Rs.300000/-

Rs.15000+20% ot the amount exceeding Rs.300000/- (325560-

300000)=25560*20/100=5112+15000=20112/-

Resident women

in this case net income Rs.325560/- it is more than 300000/-

Rs.12000+20% of the amount exceeding Rs.300000/- (325560-

30000)=25560*20/100=5112+12000=17112/-

seniore citizen

in this case net income Rs.325560/- it is more than 300000/-

Rs.7500+20% of the amount exceeding Rs.300000/- (325560-

30000)=25560*20/100=5112+7500=12612/-

as per rule firm rate 30%

example =Rs.325560/- *30%

=Rs.97668*3% EC

Rs.97668*3/100= 2930.04

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