Question

If the agricultural income is ------ then the agricultural
income is considered for calculating tax
More than Rs.5000 and total income is exceeding
exemption limit.
More than
Rs.5000
More than
Rs. 10000
Any
amount​

Answer 1

Answer:

Now we will compute income Tax on INR 3,50,000/- (Tax slab benefit 2,50,000 + Net Agricultural income 1,00,000). The amount of Tax shall be INR 10,000/-. Third, subtract the Tax computed in Second step from the Tax computed in First step = INR 72,500/-.

Answer 2

Answer:

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