Question
Mr. A (age 45) has income from business ₹8,00,000 and
capital gains (LTCG) ₹1,50,000. What is his tax liability? (Assume no deductions)Solution
Total Income = ₹9,50,000. Tax: Up to ₹2.5L - Nil; ₹2.5-5L @5% = ₹12,500; ₹5-9.5L @20% = ₹90,000. Total = ₹1,02,500. Less: Rebate u/s 87A not available as income > ₹7L. Add cess 4% = ₹4,100. Total ≈ ₹1,06,600. LTCG taxed separately @10% above ₹1L = ₹5,000. Total = ₹1,11,600. Simplified calculation gives approximate b).
What is the vision of MPEDA?
The primary alkaloid responsible for the astringent taste in tea is:
The rice inflorescence of rice is known as
Which item has the first rank in the export?
Trans fats are bad fats, which should not be consumed as part of our diet. Campaign launched Trans-fat free India@75 by _____
Who introduced the logo for organic farming
Which crop is octaploid and propagated by vegetative outcrossing
In Physalis minima the modified papery calyx that encloses the fruits loosely along with entrapped air is:
