Income tax calculation
This query is : Resolved
22 July 2016
Dear Sir
Pls tell me for the F.Y. 2015-16:
My salary 3 lac annual , there is no Hra , pf & bonus
Interest Income from bank saving bank account :- 26805/-
dividend :- 304/-
Short term capital gain : 5518/-
total income : 332627/-
deduction u/s 80 c : 12130/-
deduction u/s 80 TTA (interest from Saving Bank Account ) :- 1805/-
net income : 318692/-
tax liability on 318692/- should be (318692-5518=313174= 63174*10%= 6317/- + 5518*15% (stcg) : 7144+ ed cess
u/s 87A deduction available to me Rs 2000/-
so the net tax liability would be : 5144/-+ ed cess
My question is taht I have to deposit any tax ?
& u/s 87A how much rebate I can claim?
when I am filling the income tax (ITR2) return the excel utility of income tax deptt computed nil tax liability
pls solve this.
Pls tell me for the F.Y. 2015-16:
My salary 3 lac annual , there is no Hra , pf & bonus
Interest Income from bank saving bank account :- 26805/-
dividend :- 304/-
Short term capital gain : 5518/-
total income : 332627/-
deduction u/s 80 c : 12130/-
deduction u/s 80 TTA (interest from Saving Bank Account ) :- 1805/-
net income : 318692/-
tax liability on 318692/- should be (318692-5518=313174= 63174*10%= 6317/- + 5518*15% (stcg) : 7144+ ed cess
u/s 87A deduction available to me Rs 2000/-
so the net tax liability would be : 5144/-+ ed cess
My question is taht I have to deposit any tax ?
& u/s 87A how much rebate I can claim?
when I am filling the income tax (ITR2) return the excel utility of income tax deptt computed nil tax liability
pls solve this.
22 July 2016
No, that can not be....please check the figures you entered in itr2......there seems to be some error in feeding the figure in itr, please recheck the same
22 July 2016
where did you show the short term capital gain?
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