If the yearly taxable income is Rs 300000 and tax rate is 5% , find the tax to be paid in year
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ans should come after dividing 3000000 by 5 ito 100
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Income Tax Calculator 2020: How to calculate Income Tax using Income Tax ... last year, proposed new tax slabs of 15 per cent and 25 per cent in addition to the ... the proposed I-T slab, annual income up to Rs 2.5 lakh is exempt from tax. Those individuals earning between Rs 2.5 lakh and Rs 5 lakh will pay 5 per cent tax.
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