Calculation of income tax.
This query is : Resolved
Dhwani Bohra
(Querist)
17 December 2014
How to calculate income tax payable by an individual (aged 30 years) for AY 2014-15 if his total income is Rs.1,01,70,000.
18 December 2014
Income Tax - 28,81,000
Surcharge - 1,19,000
EC - 60,000
SHEC - 30,000
Total - 30,90,000
Surcharge - 1,19,000
EC - 60,000
SHEC - 30,000
Total - 30,90,000
18 December 2014
yes agreed with siddharth's cal
Amol S Joglekar
(Expert)
18 December 2014
AY 2014-15 i.e. Assessment Year 2014-15, the tax payable would be
Rs.30,84,850
You need to add interest 234/A accordingly.
The slabs are 2 to 5 lac 10%
5 to 10 lac 20 %
above 10 lac 30%
Surcharge and Education cess as applicable.
Rs.30,84,850
You need to add interest 234/A accordingly.
The slabs are 2 to 5 lac 10%
5 to 10 lac 20 %
above 10 lac 30%
Surcharge and Education cess as applicable.
Rupesh Jain
(Expert)
18 December 2014
according to sld you can calculate the tax
upto rs. 200000 nIL
2 lacs to 5 lacs @ 10%
5 lacs to 10 lacs 20%
above 10 lacs @ 30
and surcharge and 3% cess applicable
upto rs. 200000 nIL
2 lacs to 5 lacs @ 10%
5 lacs to 10 lacs 20%
above 10 lacs @ 30
and surcharge and 3% cess applicable
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