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This query is : Resolved 

21 September 2011 DEar Sir in A.Y.2010-11 my income is professional fees 100000,interest income 200000 & salary inocome is 200000 & in this year meinvest in 80c 1000000 Rs. than how much amount is taxable,how much amount pay tax when me pay today.

21 September 2011 Taxable amount will be Rs. 34,000/- + Education cess & SHEC will @3% on such tax value so total comes to Rs. 35,020/-

21 September 2011 Rs.400000 will be taxable..and ur total tax payable is Rs.35020

21 September 2011 than 150000 tax limit not less from 400000

21 September 2011 AY 2010-11 If Tax paid today than

Total Income Rs. 500000/-
Less Deduction 80C Rs. 100000/-
Taxable Income Rs. 400000/-

Income Tax Rs. 34000/-
Ed.Cess & Sch.Ed.cess Rs. 1020/-
Interest Payable Rs. 12495/-

TOTAL Rs. 47515/-



Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615

21 September 2011 AY 2010-11 If Tax paid today than

Total Income Rs. 500000/-
Less Deduction 80C Rs. 100000/-
Taxable Income Rs. 400000/-

Income Tax Rs. 34000/-
Ed.Cess & Sch.Ed.cess Rs. 1020/-
Interest Payable Rs. 12495/-

TOTAL Rs. 47515/-



Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615


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