Income tax on total taxable income is wrong in tax calculator


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?

asked Oct 07 '14 at 13:48 by sathyamoorthi 12

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 5.2k320


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Asked: Oct 07 '14 at 13:48

Seen: 1,983 times

Last updated: Oct 08 '14 at 01:42