CTO
745 Points
Joined August 2015
1) What are the tax credits [TDS + tCS +TI]
2) what are the investments made
3) Any Housing loan Interest or other income from rent etc.
4) Any donations to charitable trust.
5) savings bank int
Any way if taxable income after all deductions is 960000 then
for first slab upto 5 lakhs 10% of amt exceedig 2.5 lk --> 25000 (10% of 5lk -2.5lk)
For secon slab upt 10 lk 20% of amt exceeding 5 lk--> 0.2 x ( 960000- 500000)
3% cess on ( 92000 +25000) total tax to be paid --> 120510