Question

mrs Hindujahaj age is 50 years last year taxable income was rupees 16,30,000 how much income tax she will pay​

Answer 1

Answer:

COMPUTATION OF TAX LIABILITY OF MRS.HINDUJAHAJ FOR A.Y 2020-21

Upto Rs. 2,50,000=NIL

Rs.2,50,001-5,00,000=5%(500000-250000)=12500

Rs.5,00,001-10,00,00=20%(10,00,000-500000)=100000

Rs.10,00,001-16,30,000=30%(16,30,000-10,00,000)=189000

total=                                                                        301500

add:education cess @ 4%                                         12060

Tax payable                                                            3,13,560

Step-by-step explanation: