how to calculate individual income tax
santhosh santhosh (Internal audit excutive) (14 Points)
21 November 2018
how to calculate individual income tax Explain
2 Replies
Shailesh Panchal
(9 Points)
Replied 21 November 2018
means how you want to compute? , as in individual there are normal individuals, senior Citizen and Very senior citizen.
Nitesh bind
(Student CA Final )
(12692 Points)
Replied 22 November 2018
Normal GTI Format:
Income from salaries XXXXXXXX
Income from HP XXXXXXXX
PGBP Income XXXXXXXX
CG Income XXXXXXXX
Other Sources XXXXXXXX
Total Income XXXXXXXX
C/Y and B/F loss (XXXXXXXX)
GTI XXXXXXXX
VIA Deductions (XXXXXXXX)
Taxable Income XXXXXXXX
NOW Calculate tax as per applicable slab rate on this taxable income.
Income from salaries XXXXXXXX
Income from HP XXXXXXXX
PGBP Income XXXXXXXX
CG Income XXXXXXXX
Other Sources XXXXXXXX
Total Income XXXXXXXX
C/Y and B/F loss (XXXXXXXX)
GTI XXXXXXXX
VIA Deductions (XXXXXXXX)
Taxable Income XXXXXXXX
NOW Calculate tax as per applicable slab rate on this taxable income.
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