14 March 2012
IF I RECEIVED NET SALARY Rs 300000 AFTER DEDUCTION OF TDS AND INTEREST RECEIVED Rs 20000.IF INT. RECEIVED AFTER DEDUCTION OF TDS. THEN WHAT IS MY NET INCOME & NET TAX.
IF DON'T DEDUCT TDS THEN WHAT IS MY T.INCOME & T. TAX.
14 March 2012
Your Total income will be = Received Net Salary + TDS deducted + Interest Received + TDS deducted - Chapter VIA Deductions if any and Net tax would be compute on Total Income. If no TDS deducted then TDS deducted amount is 0(Zero). OM SAI SRI SAI JAI JAI SAI