compute income tax for the nett income of Rs 325560 In case of Individua

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Question

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

Question Submitted By :: Satyaki_raju@yahoo.com

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Re: 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

Answer
# 1

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

Is This Answer Correct ?

4 Yes

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Maruthi

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