13 August 2008
Hi Please any body help me to calculate the Income tax of resident woman assessee having salary income of $6000 for one month from US Company. Her Indian Gross total income is Rs. 2,70, 955/-.
13 August 2008
convert that $6000 into INR. Add it with Indian gross total income. This will give the total gross income. Apply applicable deductions to arrive at net taxable income. See the tax table for woman assessee and deduct tds if any in India and Tax paid abroad if covered by DTAA of India with that country.