Question

PROBLEMS FOR CLASSROOM DISCUSSION
PROBLEM 1: Compute tax liability after marginal relief in the following situations for Resident
assessees for the previous year 2018-2019?
Shekhar
Name
Arun
Murthy
Age of Assessee
84 years
45 years
65 years
Rs.1.04 crores
Total income
Rs.1.04 crores
Rs.1.04 crores
(ANS.: ARUN: TAX RS. 32,12,500, M.R - 1,59,875; MURTHY: TAX RS.32,10,000 M.R - 1,59,500; SHEKHAR: TAX RS.32,00,00 M.RO
1,58,000)​

Answer 1

Answer:

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