Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2015 Points)
04 February 2023check my video and it is very very useful
https://www.youtube.com/watch?v=EvG8kn6ALWg&t=71s
if you have any question of Doubt . write in comments
MPR Sanjay Kumar
(3118 Points)
Replied 05 February 2023
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 05 February 2023
| Originally posted by : MPR Sanjay Kumar | ||
 |
@ CA sudesh Kumar Gupta sir,I have a crucial doubt regarding computation of tax payable in total income.for an example miss shwetha Jain is a resident of india ,his total income is RS 8,50,000 she opt new scheme 2023-24 now I need computations of tax payable calculations please explain me |  |
I assumed your income is from salary:
Your Income 850000
Less: St. Deduction -50000
Taxable Income 800000
Tax for F.Y. 23-24 35000
Add: Cess 4% 1400
TOTAL TAX LIABILITY 36400
Note:
1. if your income is not from salary than tax liability would be 41600/-
MPR Sanjay Kumar
(3118 Points)
Replied 05 February 2023
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 05 February 2023
| Originally posted by : MPR Sanjay Kumar | ||
|
@ honourable sudesh Kumar Gupta sir , 35,000 how came ,could you please draft that calculation for my Clear view ...plse sir my honourable | |
|
Particulars |
Budget NEW TAX REGIME |
|
|
Calculation Slabs |
Amount |
|
|
Salary Income |
|
8,50,000 |
|
Less: Standard Deduction |
|
50,000 |
|
Taxable Income |
|
8,00,000 |
|
Tax |
First 3.00 Lacs |
Nil |
|
|
Next 3.00 @ 5% |
15000 |
|
|
Next 2.00 @ 10% |
20,000 |
|
Total Tax |
|
35,000 |
sabyasachi mukherjee
(27574 Points)
Replied 06 February 2023
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 07 February 2023
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 07 February 2023
My self CA Sudesh Kumar Gupta. In this video I have explained what is House Rent Allowance and how an employee can take an exemption in House Rent Allowance and Home loan at the same time and how much exemption can be taken.
CLICK ON FOLLOWING LINK
https://www.youtube.com/watch?v=SBjxHpO2ybw&t=529s
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 17 February 2023
| Originally posted by : Eswar Reddy S | ||
|
No much benefit for common man unless you are a tax payer | |
True, but in Budget, Income tax changes are always look with the angle of taxpayers only.
if anyone is not a taxpayer than he has to do noting with budget IT provisions
CAclubindia
