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A MAN'S ANNUAL INCOME IS 16000.THE INCOME TAX AT THE RATE OF 15% AFTER ALLOWING A DEDUCTION OF 7,500 THEN THE NON TAXABLE INCOME IS
Dear student Income tax=0.15(16000-7500)= Rs 1275.... Please feel free to ask your queries here. We are all IITians and here to help you in your IIT JEE preparation. All the best. Win exciting gifts by answering the questions on Discussion Forum. So help discuss any query on askiitians forum and become an Elite Expert League askiitian. Now you score 5+15 POINTS by uploading your Pic and Downloading the Askiitians Toolbar respectively : Click here to download the toolbar.. Askiitians Expert Sagar Singh B.Tech, IIT Delhi sagarsingh24.iitd@gmail.com
Dear student
Income tax=0.15(16000-7500)= Rs 1275....
Please feel free to ask your queries here. We are all IITians and here to help you in your IIT JEE preparation. All the best. Win exciting gifts by answering the questions on Discussion Forum. So help discuss any query on askiitians forum and become an Elite Expert League askiitian. Now you score 5+15 POINTS by uploading your Pic and Downloading the Askiitians Toolbar respectively : Click here to download the toolbar.. Askiitians Expert Sagar Singh B.Tech, IIT Delhi sagarsingh24.iitd@gmail.com
Please feel free to ask your queries here. We are all IITians and here to help you in your IIT JEE preparation.
All the best.
Win exciting gifts by answering the questions on Discussion Forum. So help discuss any query on askiitians forum and become an Elite Expert League askiitian.
Now you score 5+15 POINTS by uploading your Pic and Downloading the Askiitians Toolbar respectively : Click here to download the toolbar..
Askiitians Expert
Sagar Singh
B.Tech, IIT Delhi
sagarsingh24.iitd@gmail.com
The annual income is 16000.After deducting 7500,it comes to be 8500. Now 15% tax on this 8500 is 1275 therefore non taxable income is 16000-1275=Rs 14725
The annual income is 16000.After deducting 7500,it comes to be 8500. Now 15% tax on this 8500 is 1275
therefore non taxable income is 16000-1275=Rs 14725
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