Ayush Kumar Jha (Assignment 2)
Ayush Kumar Jha (Assignment 2)
4. Tax Calculation :
Now let’s calculate the tax liabilities based on the income tax slab for
financial year 2023-2024
• Upto 3,00,000: no tax
• 3,00,000 to 5,00,000: 5% = 10,000
• 5,00,000 to 10,00,000: 20% = 1,00,000
• 10,00,000 and above: 30% = 30,41,100