Income Tax Form Ten E
This query is : Resolved
27 July 2022
suppose income of 19-20 is 500000
Income of 20-21 is 1000000 which includes 100000 arrears of 19-20 and accordingly 10E filed for 20-21
Now in 21-22 again arrears of 250000/- received for 19-20 and 300000 for 20-21.
Now for 21-22 10E Form can we consider 600000 income for 19-20 and 900000 for 20-21
or 500000 for 19-20 and 1000000 for 20-21
Income of 20-21 is 1000000 which includes 100000 arrears of 19-20 and accordingly 10E filed for 20-21
Now in 21-22 again arrears of 250000/- received for 19-20 and 300000 for 20-21.
Now for 21-22 10E Form can we consider 600000 income for 19-20 and 900000 for 20-21
or 500000 for 19-20 and 1000000 for 20-21
27 July 2022
It will be 5 lac + 1 lac + 2.5 lac = 8.5 lac for 19-20
And (9+3) = 11 lac for 20-21
And (9+3) = 11 lac for 20-21
27 July 2022
Ok and what will be tax suppose in 19-20 tax is 12500 and on additional 100000 tax is 20000
So we have to add up 12500 and 20000 tax in year 19-20 column
and Tax on 900000 (excl tax on 100000) Rs. 92500
So we have to add up 12500 and 20000 tax in year 19-20 column
and Tax on 900000 (excl tax on 100000) Rs. 92500
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