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Income-tax preliminary
- 12. 5500 110 5610 Tax payable is (8000- 2500) add: cess at 2% Tatal tax payable is 3 2500 125000 Basic exemption limit + agricultural income(100000+25000) Tax on 125000 2 8000 165000 Total income (140000+25000) Tax on 165000 1 Amount Amount particulars step