About income tax liability
This query is : Resolved
18 February 2015
plz suggest me my tax liability
total salary income :675000
interest on saving bank ac: 22000
fd interest:13450
-------------------------------------------saving and tds :
ppf/gpf:150000
tds deduction: 31000 from salary
bank fd tds deduction:1345
plz suggest me how we add saving ac interest+fd interest and tds deduction on fd.
thanks .
jp singh
18 February 2015
Please refer the following sheet for your reference:
A Income: Rs.
Salary 675000
Saving Interest 22000
FD Interest 13450
B Gross Total Income 710450
C Less: Deductions (chapter VI-A)
Section 80C 150000
Section 80TTA 10000
Total 160000
D Total Income 550450
E Tax on Total Income* 35090
Add: EC & SHEC 1053
F Total 36143
Less: TDS on Salary 31000
Less: TDS on FD Int. 1345
G Net Tax Payable 3798
A Income: Rs.
Salary 675000
Saving Interest 22000
FD Interest 13450
B Gross Total Income 710450
C Less: Deductions (chapter VI-A)
Section 80C 150000
Section 80TTA 10000
Total 160000
D Total Income 550450
E Tax on Total Income* 35090
Add: EC & SHEC 1053
F Total 36143
Less: TDS on Salary 31000
Less: TDS on FD Int. 1345
G Net Tax Payable 3798
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Section 50-fixed asset-->building ceases to exist
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Reprocessing of rectification order AY 2025-26
- Gift Received from nonblood relative
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
