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Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2013 Dear Sir,

one of my friend income is as below:

income chargable under salary 775368.00

interest on FD 12233.00

Total 787601.00

interest on housing loan -150000.00

gross total income 637601.00

Ded: 80 C - 100000.00

Total income 537601.00

Tds ded on salary income 36126.00
Tds ded on FD 1026.00

which form to be filled in this case itr-1 or itr-2.

how much incometax is short for payment of tax & there is interest payable on this short amount please help me

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

20 July 2013 file itr 1.

Querist : Anonymous

Querist : Anonymous (Querist)

20 July 2013 how much income tax to be deposit & is there any interest to be paid on balance income tax

Ganeshbabu K

Ganeshbabu K (Expert)

20 July 2013 1)Tax on 5,37,601

Income tax 37,520/-

EDU&SHE Cess 1125.6

Total tax payable 38,646/-

Less: TDS deducted 37,152

Net tax payable = 1,494

2)ITR 2 WILL BE APPLICABLE if you have HRA or transport conveyance or any other income not chargeable to tax is more than Rs.5,000

Refer: CBDT Notificaion 34/2013 dated 01.05.2013

Thanks & regards
Ganesh babu k

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