Clubbing of various incomes for income tax
Subbiah Mathurappan (139 Points)
19 March 2022Tax on Salaries, House property, Income from other sources. : A
Less various deductions under. B
Chapter VI & other deductions
Income tax payable. C
15% tax on Short term capital
gains. D
10% tax on Long term capital
gains. E
Total tax payable : C+D+E. F
CESS @ 4%. G
GROSS TAX PAYABLE : F+G. H
Please clarify the correct method of calculation.