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Tax computation

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 September 2014 My earnings are 75 lakhs from overseas Consultancy and 20 lakhs from Indian Cosultancy.

Taxes deducted for overseas consultancy abroad is 19lakhs and I get certificate from the Finance ministry of that country.

Taxes deducted for Indian consultancy are 2.0lakhs.

Income from other sources like FD interest is 2.5lakhs.

How to calculate total tax liability?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
18 September 2014 you compute the normal tax liability as done for any other resident Indian and then claim credit for taxes paid outside India under section 90
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Rupesh Jain

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Rupesh Jain (Expert)
26 September 2014 yes you can calculate the tax m=normal way and take claim of TDS
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