Calculatation of tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 March 2012
I have tuition income of around Rs 2 lacs for FY 2011-2012. Please tell income tax provisions regarding this.
11 March 2012
if income from tution is your profession then it will come under Income from profession else it will be shown under head Other incomes
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2012
Thanks Sir
31 March 2012
From your gross income expenses shall be deducted and after allowing the basic exemption tax shall be payable. The expert has correctly said the head of income under which you can file your return
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