Total computation

Direct Taxation

If the total income including income under sec 111A, 112 ,112A and casual income doesn't exceed basic exemption limit .. do we need to cal tax on above mentioned incomes under their respective special rates?

Pushkala S

CA Final

★ 3K+

12-Dec-21 12:45

525

Answers (1)

Pay tax only on casual income at 30%. You can take rebate up to 12500

Yoga Vishnu

CA Final

★ 11K+

12-Dec-21 18:30