compute the income tax payable of miss varsha age 26 has a taxable income of rs 2,30,000
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Answer:
income tax payable by Miss Varsha is ₹0.
Step-by-step explanation:
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.
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