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wht do you mean by copmosition of tax



wht do you mean by copmosition of tax..

Answer / kartik maharshi

Compsition of tax means the tax arises from the total income of the person and it will be according to the income tax slab let us take an example:- Suppose a person having total income of RS.850000/- then tax will be

0-160000------------ nil
160000-500000---------10%- 34000
500000-800000---------20%- 60000
800000-above----------30%- 15000
then tax----------------- 109000
Nw u have clear abt compsition of tax

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