Income tax on total taxable income is wrong in tax calculator

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?

income-tax-calculator taxable-income

asked Oct 07 '14 at 13:48 by sathyamoorthi 1●2

One Answer:

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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.

answered Oct 08 '14 at 01:42 by Pankaj Batra 5.2k●3●20

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Asked: Oct 07 '14 at 13:48

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Last updated: Oct 08 '14 at 01:42

Income tax on total taxable income is wrong in tax calculator

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