Itr

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SAMIR DESAI (Querist)
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21 September 2011 Dear Sir i have income from salary professional fees & interest income from bank than which ITR aplicable for Asst. year 2010-11

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 September 2011 ITR-4 is applicable.

SAMIR DESAI

SAMIR DESAI (Querist)
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21 September 2011 if my salary income is 150000,consultancy income is 100000,interest income is 250000 tthan my taxable income is 5000000 or 500000-1600000

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 September 2011 Taxable income will be Rs. 5,00,000/- less deductions under Chapter VIA (80C, 80D, 80CCF, etc.)

Thereafter for computing income tax payable, slab rate will be applied.

SAMIR DESAI

SAMIR DESAI (Querist)
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21 September 2011 in this case we not get 1,50,000 tax limit free income as income tax

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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21 September 2011 Yes you will get the exemption limit. That is what is known as the slab rate.

SAMIR DESAI

SAMIR DESAI (Querist)
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21 September 2011 if my total income as per above 500000 than how much tax liability for a.y.2010-11,

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