18 March 2010
If taxable income is Rs 1,70,000(including STG),Short Term Capital Gain is Rs 15,000, then what will be the amount of tax Payable for F.Y.2009-2010 relevant to A.Y.2010-2011?
18 March 2010
In case of male individual basic exemption is Rs. 160,000 for F. Y. 2009 - 10 Income other from STC gains is Rs. 155,000 & STC Gains us Rs. 15000 So only income taxable is STC gains of Rs. 10,000/- which will be taxable @ 15.45% on case of STCGains u/s 111A = 1,545 and if STCGains other than u/s 111A taxable @ 10.30% = 1030/-.
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