What is the answer guys taxation basics

Question

Vishal · Answer

Option A is correct Answer because under 115BAC and the latest tax slab , taxable amount of salary is[ (725000 - 75000=650000) + agri income 100000] Total Taxable income is 750000 and Tax on 7.5Lac is 25000 and here method of partial integration is applicable therefore deductingbtax of agriculture income is 5000 The Tax liability remains 20000+HEC4%=20800 is final tab liability

Vishal · Answer

Option B

Aryan · Answer

But the salary was computed then why should the standard deduction deducting again also the answer key saying option A was the answer

riddhi · Answer

maybe nil because under 115bac, the rebate available upto 7lac is either 25,000 or the taxable amt, here amt taxable is 6.5lac (7.25lac - 75,000 => standard dedn under 115bac), so amt of tax is coming as 17,500, which altogether comes to nil. (maybe)

What is the answer guys taxation basics

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