How to calcate i-tax

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2011 sir,iam women(below65)assesse.have prop.business & covered in Tax audit for the yr 31.3.2011(A.Y.11-12)My net taxable Incomr is Rs.481830/.
i have not paid Any ADV TAX OR ANY PREPAID TAXES
AS TODAY HOW MUCH I HAVE TO PAY I-TAX? & ALL
INTERST sec 234 a b c & any penlty? reply soon thanks

CA Sachin D Jain

CA Sachin D Jain (Expert)
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19 September 2011 Dear Anonymous,

Your tax liability, as per data furnished by you, is Rs. 30060 (before tax u/s 234A,B,C).

I will recommend you to pay Rs. 33,000 as lump sum payment. Let the IT Dept calculate the interest liability and force the Dept to issue to an intimation, determining your tax liability along with interest.

If any further query, you can mail me to sachindjain@gmail.com

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