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Steps of Partial Integration

Step 1 Calculate Total Income [ Agriculture & Non Agricultural ]

Step 2 Calculate tax on total Income

Step 3 Calculate Agriculture Income  +  Maximum Exemption Limit.

Step 4 Calculate Tax .

Step 5  Calculate Difference in tax [Step 2 − Step 4]

Step 6 Reduce Rebate (if any)

Step 7 Add Education Cess @ 3 %

Step 8 Calculate Tax+ Cess

 

Practical of Partial Integration

Example 1

Mr. A is an Resident Individual of Age 50, having Income from Agriculture

Worth Rs.400000 and other Business Income of Rs.300000. Calculate his Income Tax liability as per Income tax Act, 1961.

View Answer
  1. Income Tax
  2. Agricultural Income
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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