Income tax on bank interest for women
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 August 2011
Bank Interest for Indian resident woman for FY 2011-12 is Rs.350000/-. Investment in PPF account - Rs.70000 and NSC - Rs.30000/-. Whether any Income Tax will come for this assessee?
22 August 2011
First of all FY 2011-12 Not Yet Completed.
then Tax will come for F.Y. 2010-11 is 350000-100000 = 250000 - 190000 = 60000*10.3% = 6180
then Tax will come for F.Y. 2010-11 is 350000-100000 = 250000 - 190000 = 60000*10.3% = 6180
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