Income tax calculation on rent

This query is : Resolved

Vaishali Bhise (Querist)
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03 April 2015 Please confirm the following calculation is correct or not

Total Rent Recd 2069544.00
Less :Property Tax
shop 1 7017
Shop 2 45760
2016767.00
Std deduction 30% 1411736.9
Less
80C 150000
80D 20000
1241736.9
120000 more than 100000- Rs.120000 + remaining 30% )
72521
192521
ED cess 5776
Income Tax Payable 198297

CA Mohit Bansal

CA Mohit Bansal (Expert)
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03 April 2015 Your calculation is correct

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Vaishali Bhise

Vaishali Bhise (Querist)
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03 April 2015 above calculation is for Senior citizen < 80yrs.

Is there any exemption ?

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CA Mohit Bansal

CA Mohit Bansal (Expert)
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03 April 2015 No there is no as such exemption for income from house property

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Vaishali Bhise

Vaishali Bhise (Querist)
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16 April 2015 for above calculation i have to pay advance tax but we have not paid.

please let me know how much interest i have to pay if i paid it by 20th april