Wednesday, September 8, 2010

Overall Exempted Amount


As earlier discussed regarding Agricultural Income that agricultural income along with other income is not totally exempt.

click here to watch example.

Now finally, if a person has Other income is equal to or Less then threshold limit (in case Man 160000, Women 190000 or Senior Citizen 240000) then all agricultural income will be exempted other wise tax will be calculated on Agricultural income +Other Income as shown in above link.

Calculate your Income Tax On line (Click Here)

Calculate exemption of H.R.A. on line (Click Here)

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