PARTICULARS
income from business
Add Gift from Ex-wife
Winning from lotteries 1900000
gift to wife not taxable
gross taxable income (a)
Amount Rs.
comapy will deduct TDS and so it is charged separately
0 to 250,000 NIL
250,000 to 500,000=250,000* 5%
500000 to 750000= 250000*15%
1000000 to 1250000=250000* 20%
1250000 to 1500000= 250000 *25
1500000 to 8100000=6600000 *30%
total income tax
add surge 10%
total income tax payable
AS in the new regime the IT is less than old regime
so we will go fro new tax regime which will save 22,000
Amount RS.
7,500,000
600,000

8,100,000
NIL
12,500
37,500
50,000
62,500
1,980,000
2,167,500
216,750
2,384,250