Question

Compute the income tax payable by following individuals 1) Mr Kadam who is 35 years old and has a taxable income of rs.1335000 please fast give answer to me

Answer 1

Fir persons under 60 years, the following income tax rate applies

Income from Rs 2,50,000 – Rs 5,00,000 10%

Income from Rs 5,00,000 – 10,00,000 20%

Income more than Rs 10,00,000 30%

Clearly, Mr. Kadam falls in the third. Category
30% of 1335000 = 0.3 x 1335000
Income tax = Rs. 400500

Answer 2

income tax = 13,35,000-10,00,000
=3,35,000

30%of 335000+112500


answer= 2,13,000Rs