For example my salary is 25000/- then i want calcualte tds on them(for chart).
I also want to know tds preventive item like LIC, Medical Insurance, Child education fees, medical reimbursement etc with maximum limit
Suppose I Have Short Term Capital Gain U/s 111A( i.e taxable @ 10%) of Rs.20000/- and Short Term Loss of Rs.5000/-.I also have Long term Gain Of Rs25000/-(i.e Chargeable @ 20%). Can I adjust the Short Term Loss of Rs5000/- against the Long Term Capital Gain (i.e Taxable @ 20%) and reduce my Tax liability because as per a CBDT Circular any eligibe loss can be set off against Long Term Capital Gain and also the assessee has the right to select the most beneficial option and reduce his tax liability.