compute its income tax
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Salome4:
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his annual income= 42000×12=504000
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I'm sending step by Step
sorry got wrong answer
it depends on 80c and 80g sections pg101 and then it also depends on the tables given on pg 102
hey how was your exam
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Income Tax Computation - Steps to Compute Income Tax Your tax is calculated after applying all deductions like HRA, interest on a home loan (if any), LTA, etc. are adjusted from your total income (your gross salary + income from other sources). After doing all this calculation, your income tax is calculated based on the slab your income falls under + 3% Cess.
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