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This query is : Resolved 

(Querist)
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.

VISHRUT (Expert)
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/-

Rahul Mehta (Expert)
21 September 2011 Rs.400000 will be taxable..and ur total tax payable is Rs.35020

SAMIR DESAI (Querist)
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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