Income tax returns - FOREIGN AND INDIAN INCOME
This query is : Resolved
21 July 2022
MY EX OFFICE COLLEGUE LEFT ABROAD FOR JOB IN SEPT 21 AND AGAIN RETURNED TO INDIA IN JAN2022. HE IS STAYING IN INDIA FROM JAN 2022 ONWARDS.
MY EX OFFICE COLLEGUE HAS THE FOLLOWING INCOME FOR LAST FY 2021-22
SALARY FROM INDIAN EMPLOYER 3,75,000
SALARY RECEIVED FROM FOREIGN CO 11,30,000
INTEREST ON SB ACC 29,000
INTEREST ON FIXED DEPOSIT 67,000
INVESTMENT -80 C 1,50,000
INVESTMENT -80D MEDICAL 25,000
INVESTMENT -80 TTA 10,000
WHAT WILL BE THE TAX LIABILITY FOR AY 2021-22.
WHAT ARE THE LIKELY DEDUCTION AVAILABLE.
PLS ADVICE
MY EX OFFICE COLLEGUE HAS THE FOLLOWING INCOME FOR LAST FY 2021-22
SALARY FROM INDIAN EMPLOYER 3,75,000
SALARY RECEIVED FROM FOREIGN CO 11,30,000
INTEREST ON SB ACC 29,000
INTEREST ON FIXED DEPOSIT 67,000
INVESTMENT -80 C 1,50,000
INVESTMENT -80D MEDICAL 25,000
INVESTMENT -80 TTA 10,000
WHAT WILL BE THE TAX LIABILITY FOR AY 2021-22.
WHAT ARE THE LIKELY DEDUCTION AVAILABLE.
PLS ADVICE
21 July 2022
Total taxable income is Rs. 16.01 L
Deductions Rs. 1.85 L
Fill in ITR 1, utility will calculate tax liability.
Deductions Rs. 1.85 L
Fill in ITR 1, utility will calculate tax liability.
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