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
Go Ad-free
CA Maninder Singh's photo - Co-founder, Teachoo

Made by

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.