my client wants to pay Rs. 1000 as income tax , how much income i need to show??
individual
ITR 3.
4 Replies
sudip sharma
(article)
(734 Points)
Replied 27 December 2020
Not possible u client to pay atleast 12600 unless u don't have any special tax rate income.
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 09 January 2021
In current assessment year you have to pay minimum 12500 tax even if you want to pay only 1000 tax so it's better either do not be tax are be ready to pay tax exceeding 12500
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 23 January 2021
Now you declare income UPTO Rs. 500000, the no tax will be levied only late fee of Rs 1000 levied.
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