Income tax on total taxable income is wrong in tax calculator

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Hi,

My taxable income is 7,38,000. But tax calculator says 83,900 as income tax on total income. But it should be 72,600 based on below calculation. Correct?

0 to 2,50,000 => 0 and

2,50,000 to 5,00,000 => 25000 and

5,00,000 to 7,38,000 => 47600

So totally 72,600 should be tax. Correct?

1 Answers

We have cross checked the latest calculator for 2014-15 and found no issues. Tax on this income is coming correctly as 72,600 only. Please check if you have correct file and input figures correctly.

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