About income tax liability

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jaspal singh (Querist)
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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

CA. Anoop Bhatia

CA. Anoop Bhatia (Expert)
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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