Accountancy, asked by bhatsb228, 5 months ago

how to compute income tax? can anyone tell me some steps?​

Answers

Answered by damakkhrera123
2

Answer:

How to Calculate Your Income Tax in 5 steps

Step 1: Calculate your gross income. First, write down your annual gross salary you get. ...

Step 2 – Arrive at your net taxable income by removing deductions. ...

Step 3: Arriving at your net taxable income. ...

STEP 4 – Calculate Your Taxes. ...

Step 5: Consolidate your net tax.

Explanation:

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