Quote:
Originally Posted by rushna khalil
Sir tell me one thing....in the income tax section they have asked to calculate the taxable income for a period ending june 2008...how did u solve this problem....i mean u must had gone through the tax slabs and tax rates of the tax year 2011-2012...n for this question u must have a knowledge regarding tax rates of 2008-2009...den how did u solve this question.....kindly rpl
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Calculation of taxable income do not require any tax rates. If examiner ask to calculate the income tax payble then reates are required. And examiner normaly asks about taxable income not income tax payable. If he would ask to calculate income tax payable then he will ask about recent year. I.e CE-2013 then tax year ending 2012. Further queries are welcome.