Calculatation of tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 March 2012 I have tuition income of around Rs 2 lacs for FY 2011-2012. Please tell income tax provisions regarding this.

11 March 2012 if income from tution is your profession then it will come under Income from profession else it will be shown under head Other incomes

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2012 Thanks Sir

31 March 2012 From your gross income expenses shall be deducted and after allowing the basic exemption tax shall be payable. The expert has correctly said the head of income under which you can file your return


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