BHARATH KOTHARI (Self Employed) (213 Points)
11 September 2009hi
wanted to know tax calculation of x perrson
salary 3,00,000
LTCG 60,00,000 by selling shares which are recd as gift and shares are not of an listed co.
Interest 30000
Invested In 80.C 100000
& Charitable Institiion 270000
plseas guide me in this respect
Thanks in advance
VARUN
(PCC STUDENT)
(523 Points)
Replied 12 September 2009
in which charitable institution u have invested ???? is that institution notified u/s 80G ???
plz provide the following details ....
Regards
Varun Makhija
BHARATH KOTHARI
(Self Employed)
(213 Points)
Replied 12 September 2009
| Originally posted by :BHARATH KOTHARI | ||
| " |
hi Thanks in advance |
" |
Nicky
(Chartered Accountant)
(245 Points)
Replied 05 April 2010
The working is for assessment year 2010-11:
| Particulars | Amount |
| Salary | 300000 |
| LTCG | 6000000 |
| Other Sources | 30000 |
| Gross Total Income | 6330000 |
| Deduction u/s 80C | -100000 |
| Deduction u/s 80G | 0 |
| Net Taxable Income | 6230000 |
| Income Tax | |
| - LTCG @ 20% | 1200000 |
| - Balance on Slabs | 7000 |
| Total Tax | 1207000 |
| EC & HEC @ 3% | 36210 |
|
Total Tax Payable |
1243210 |
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