I make Rs. 270000 per financial year in India. How much tax do I have to pay?
0
0
Answer Now
Comment
Report
2
Answers
Nice to read your article! I am looking forward to sharing your adventures and experiences. ํ ํ ์ฌ์ดํธ
Important Note โ Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures โ online & in Pen Drive/ DVD โ at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below โ
For any questions Request A Call Back
Dear Pinky,
Your question is regarding if you earn 270,000 P.A. than how much tax you have to pay.
As per the provision of income tax act 1961, if an individual and huf earn income then they get the benefit of slab rate and exemption limit form the income tax. 250,000 income is exempt from tax and also rebate of rupees 2000 is allowed by the income tax dept.
So as per above provision, you have pay nil tax to the income tax dept. because first 250,000 is exempt from tax and balance income of rs 20000 is taxable but the rebate u/s 87A is avilable to you. SO in nut shell you have to pay nil tax but you are mandatory required to file income tax return.
Any other query feel free to contact us.
Writer
CA Chitranjan Agarwal