Incometax

This query is : Resolved

manohar nirne (Querist)
Follow

02 September 2013 x- has HP income(net) 203000
x- has long term C. gain 424547
x- has SB 80TTA income 1408

x- paid LIC Sec 80C 99730

Please Please calculate tax in details.
whether can 80c adjusted against LTCG.

Thanks.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

02 September 2013 Hp 2,03,000
(-)80C (99,730)
(-)80TTA (1408)
Net income 101,862
less :Basic slab (101,862)
Net tax on total income nil

Tax on LTCG :
LTCG 4,24,547
tax@20 % on above 84,909
net tax payable -nil
(84,909 is exempted as
98,138(2,00,000-1,01,862 basic slab)

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Leena Rachh

RISHI LATTA

Dhananjay Singh

shubham agrawal

N N V Satish

Subscribe Now

Incometax

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

GST CONSULTANT

Accountant

Senior execiutive

GST CONSULTANCY

Manager- Finance and Compliance

CA Final