| Comments |
| Posted By : Ashish Karundia |
02-Aug-2011, 01:23:21 |
| My dear friend, I would request you to please check the same. |
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| Posted By : CA Rajnish |
02-Aug-2011, 11:20:41 |
| Friends i think u all are quite wrong.please check the slab rate |
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| Posted By : |
01-Aug-2011, 10:46:04 |
| The tax payable will be Rs. 21,243 ( Tax 19,627, 234A - Rs. 196, 234B Rs.981, 234C - Rs. 618).
I hope it serves your purpose. PLease note that the above tax is calculated for an individual (not wonem) of an age of less than 65 years.
The Calculation Sheet is attached herewith:
Gross Total Income Excuding AI 450,558
Agricultural Income 489,000
939,838
Less : 80 C (100,000)
839,558
Tax Calculation
Step 1 : Tax on 839,558
160,000 - -
340,000 0.10 34,000
339,558 0.20 67,912
A 101,912
Step 2 : Tax on 649,000 (160,000 + 489,000)
160,000 - -
340,000 0.10 34,000
149,000 0.20 29,800
B 63,800
Tax Payable
A - B 38,112
EC+SHEC 1,143
39,255
Less : TDS deducted (19,628) 1,636 Monthly TDS
19,627
Interest
234A [ 19627*1%*1 month] 196
234B [ 19627*1%*5month] 981
234C 618
21,423
Calculation OF 234C Liability TDS Paid Short
15-Sep 11,776 8,178 3,598 108
15-Dec 23,553 13,085 10,468 314
15-Mar 39,255 19,628 19,627 196
618
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| Posted By : CA VIPIN GARG |
01-Aug-2011, 09:20:53 |
| Hello Mr. Rajnish, In the above case the final tax payable is Rs. 20289 (includes 18495 towards tax and cess, 185 towards interest u/s 234A, 925 towards int u/s 234B and 684 towards int u/s 234C).
Hopefully you will get your looking answer.
Have a nice day Rajnish Ji........ |
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