Calculate tax

This query is : Resolved 

19 July 2016 How to Calculate Income Tax when Income Tax - 342716 Add - Edu cess 3% - 10281 Add - Interest - 20535 Total ---------- 373532 Less :- Tds 86199 Less :- Tax paid 257120 Basic - 231787 ------- Edu Cess - 6954 30213 Interest -18379 ------- ------ 257120 Now how to Calculate Rs. 30210 for in which Rs. 30210 What is Basic Tax , Edu Cess & Internet

19 July 2016 Give breakup of T.D.S.& then put it Rs.30213 Less:interest

19 July 2016 as far as possible, leave this calculation to the income tax department...it is their job to account for the same as per the codes....not our...
Since you have done a lot of leg work......put the figures in columnar form, and you will get the answer.
Consider TDS in basic tax.
So 24730+3327+2156=30213 is the break up as basic, edu cess, interest respectively




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries