Flow Chart Worksheets - Ca Swapnil Patni Page 7
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11FLOWCHART
Slab(Rs)
Rate
(1)1 to 1,00,000
No Tax
(2)1,00,001 to 1,50,000
@10% amt above 1,00,000
(3)1,50,001 to 2,50,000
Rs 5000 + 20% of amt above 1,50,000
(4)2,50,001 onwards
Rs 25,000 + 30% of Amt above 2,50,000
Surcharge
@10% on the amount of total tax, if income of a person exceeds Rs.10,00,000
Education cess
2% on the total tax
Question 5
The goods imported from the foreign countries are classified into four categories for the purpose of levying custom duty. The rate of
custo duty o value of goods V for each category is given below:
Category (k)
Types Of Goods
Custom Duty (%)
1.
Electronic items
10
2.
Heavy machinery
15
3.
Footwear items
20
4.
All Other Uncategorized items
25
Draw a flow chart to compute appropriate custom duty including educational cess at the rate of 3% of the value of custom duty
Question 6
A book publisher of accounts and computer books offer discounts to customers on the basis of customer type and subject as
detailed below:
CA SWAPNIL PATNI
Page 7
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