05-24-2011, 03:28 PM
Kindly Guide what is Tax Friction & where we will use it
(36) âtax fractionâ means the amount worked out in accordance with the following
formula-
a / 100 + a
('a' is the rate of tax specified in section 3);
17/100+17
=0.145
(36) âtax fractionâ means the amount worked out in accordance with the following
formula-
a / 100 + a
('a' is the rate of tax specified in section 3);
17/100+17
=0.145
