About income tax liability
This query is : Resolved
18 February 2015
plz suggest me my tax liability
total salary income :675000
interest on saving bank ac: 22000
fd interest:13450
-------------------------------------------saving and tds :
ppf/gpf:150000
tds deduction: 31000 from salary
bank fd tds deduction:1345
plz suggest me how we add saving ac interest+fd interest and tds deduction on fd.
thanks .
jp singh
18 February 2015
Please refer the following sheet for your reference:
A Income: Rs.
Salary 675000
Saving Interest 22000
FD Interest 13450
B Gross Total Income 710450
C Less: Deductions (chapter VI-A)
Section 80C 150000
Section 80TTA 10000
Total 160000
D Total Income 550450
E Tax on Total Income* 35090
Add: EC & SHEC 1053
F Total 36143
Less: TDS on Salary 31000
Less: TDS on FD Int. 1345
G Net Tax Payable 3798
A Income: Rs.
Salary 675000
Saving Interest 22000
FD Interest 13450
B Gross Total Income 710450
C Less: Deductions (chapter VI-A)
Section 80C 150000
Section 80TTA 10000
Total 160000
D Total Income 550450
E Tax on Total Income* 35090
Add: EC & SHEC 1053
F Total 36143
Less: TDS on Salary 31000
Less: TDS on FD Int. 1345
G Net Tax Payable 3798
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
