Tax Liability Calculation
Total Income 50,00,000
50,00,000-2,50,000= 47,50,000
47,50,000-4,00,000 =43,50,000
43,50,000-5,00,000 = 38,50,000
38,50,000-6,00,000 =32,50,000
32,50,000- 30,00,000 = 2,50,000
2,50,000-2,50,000=0
total tax liability
Tax Liability Calculation
on first 2,50,000 =nil
on next 4,00,000 @ 10% = 40,000
on next 5,00,000 @ 15% = 75,000
on next 6,00,000 @ 20% = 1,20,000
on next 30,00,000 @ 25% = 7,50,000
next balance 2,50,000@30% = 75,000
=10,60,000
 Tax Liability Calculation
Total Income 15,00,000 Tax Liability Calculation
15,00,000-2,50,000= 12,50,000 on first 3,00,000 =nil

12,50,000- 4,00,000= 8,50,000 on next 4,00,000 @ 10% =40,000

8,50,000- 5,00,000 = 3,50,000 on next 5,00,000 @ 15% = 75,000
3,50,000-3,50,000 =0 on next 6,00,000 @ 20%;
3,50,000 @ 20% =70,000
total tax liability 1,85,000