Income Tax
Agricultural Income

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.

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.