Question

Calculation of income tax for fy 2017-18

Answer 1

Income SlabTax RateIncome up to Rs 2,50,000*    =No taxIncome from Rs 2,50,000 – Rs 5,00,000 =5%Income from Rs 5,00,000 – 10,00,000=20%Income more than Rs 10,00,000 =30%