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
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