compute the income tax payable by Miss Varsha (age 26 years) has a taxable income of rupees 2,30,000
alia71117:
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Answers
Answered by
17
Solution:
As per financial year 2017-18 & assessment year 2018-19, an individual below the age of 60 & having an annual income below ₹2,50,000 is free from paying the tax or in other words it is 0%.
Therefore, income tax payable by Miss Varsha
= 0% × 230000
= 0.
Hence, income tax payable by Miss Varsha is ₹0.
As per financial year 2017-18 & assessment year 2018-19, an individual below the age of 60 & having an annual income below ₹2,50,000 is free from paying the tax or in other words it is 0%.
Therefore, income tax payable by Miss Varsha
= 0% × 230000
= 0.
Hence, income tax payable by Miss Varsha is ₹0.
My earlier answer was reported & deleted because there was no calculation in it. When you ask compute, there has to be a calculation in your solution.
Answered by
6
Answer:
Step-by-step explanation:
She doesnt have to pay any tax
As per 1 table ,
There is no income tax till 2,50,000
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