Math, asked by gawadenikita05, 11 months ago

soo
3. Compute the income tax payable by Mr Trivedi
who is 40 years old and has taxable income of
9,54,000.
(4 marks)

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Answers

Answered by amitnrw

Step-by-step explanation:

Income Tax Slab Tax Rate

Up to Rs 2.5 lakh NIL

Rs 2.5 lakh to Rs 5 lakh 5% (Tax rebate of Rs 12,500 available under section 87A)

Rs 5 lakh to Rs 7.5 lakh 10%

Rs 7.5 lakh to Rs 10 lakh 15%

Rs 10 lakh to Rs 12.5 lakh 20%

Rs 12.5 lakh to Rs 15 lakh 25%

Rs 15 lakh and above 30%

taxable income of 9,54,000.

Salary Tax

0 - 250000 0

250000 - 500000 = (5/100)(500000 - 250000) = 12500

500000 - 750000 = (10/100)(750000 - 500000) = 25000

750000 - 954000 = (15/100)(954000 - 750000) = 30600

Total Payable Tax = 12500 + 25000 + 30600

= Rs 68100

Rs 68100 is Income Tax Payable

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Answered by Sadhyarsh

Answer:

Step-by-step explanatSoo

3. Compute the income tax payable by Mr Trivedi

who is 40 years old and has taxable income of

9,54,000.

(4 marks)

ion:

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