Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2014
How to calculate income tax ? Pls spaecify with example.
06 January 2014
you havent mentioned who is assessee etc and other required details.
cal total income (add all the income from all heads)
Deduct chapter viA deduction and find out net income.
apply slab rate like for individual it is 0-2,00,000 nil rate etc
then finally add 3% EC & SHEC on income tax
cal total income (add all the income from all heads)
Deduct chapter viA deduction and find out net income.
apply slab rate like for individual it is 0-2,00,000 nil rate etc
then finally add 3% EC & SHEC on income tax
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