22 November 2011
up to Rs.180000 no tax next Rs.180000 - 500000 i.e Rs.320000*10% = 32000 next Rs.500001- 800000 i.e Rs.300000*20% = 60000 balance amount Rs.2400000-180000-320000-300000 or Rs.2400000-800000 = Rs.1600000 i.e Rs.1600000*30% = 480000 therefore total amount = Rs.572000 (32000+60000+480000) in that 3% education cess = Rs.17160 (572000 * 3%) Therefore total liability = Rs.589160/-
ONE THING IF INDIVISUAL PERSON HAS BEEN RETURN ITR 2009-10 & FORM 16A NOT SHOWED IN THR SAME....IS WE CAN SHOWS 2009-10 TDS FORM 16A IN CURRENT RETUEN 2011-12? IS THAT POSSIBLE?