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?