Hi all,
Ple give sugetions on this one senior citizen having total income for AY 2009-10 is 595000/-
and he has no savings which are deductable U/S 80C TDS is 61285/-
He want to file return in this week
what is the computaion for this
Thanks and Regards
Being senior citizen, he will get basic limit of 225000, so, compute tax for the next 75000 @ 10%. then next 2,00,000 @ 20%, and the next 95000 @ 30%, add education cess, and i think he was liable to pay aadvance tax for delay for the same will attract sec 234 Interests...i am in a hurry, so couldnot calculate the taxable amouut.... sorry for that.. chao
Hi Meghdoot, thanks for ur kind reply,
I can do that part of work Income tax is 76000 and EC & HEC is 2280 Total tax is 78280/- which is normal Tax Calculations Less TDS 61285 Balence payable is 16995/-
My question is what is the Interest Calculations for dat U/s 234 A , B & C In Detailed
Thanks & Regards
| Originally posted by :Meghdoot | ||
| " | Being senior citizen, he will get basic limit of 225000, so, compute tax for the next 75000 @ 10%. then next 2,00,000 @ 20%, and the next 95000 @ 30%, add education cess, and i think he was liable to pay aadvance tax for delay for the same will attract sec 234 Interests...i am in a hurry, so couldnot calculate the taxable amouut.... sorry for that.. chao | " |
Hi all
now I am sending Tax Computaion on above Probelm in my Calculation.
Is there any changes ple send it
Thanks and regards
Hi Raghu
I have seen your .xls file. The tax calculated by u is correct. You have to deposit Rs 19000 as self assessment tax.
I agree, tha amt of tax payable is 19000
Thats Right....
thansks Shamita for ur reply
CAclubindia
