ITR FY 2018-19 AY 2019-20
This query is : Open
23 March 2020
Dear Freinds,
I hope you are doing well !!
Basically, I need your support & guidence.There is one senior citizen (60Yr +) in my family. he retired in FY 2017 mid year from his company. unable to fill income tax return some personal reasons. now getting message to file the return FY 18-19.
But in FY 2018-2019 company also reimbursed few amount (which not reimbursed in retirement year) & charged TDS on it Rs 89,780 & issued forum 16-B (Annexure) Rs 8,41,324 after standard deduction Rs 40,000/-.
Apart from it, Bank has deduct TDS on his Fixed deposites (Retired money) interest incomes TDS 10,925.6 on Gross Receipts subject to Tax 1,09,256 due to (Not Declared 15 H)
In SBI, declared 15H although this bank also deduct TDS 4,228 on Gross receipts INR 1,53,113.00.
I am unable to calculate proper tax calculation.
Could you please help me to find out the exact tax amount along with penalty if Occur & also confirm SBI bank charged less TDS amount
Thanks & Regards
Sourabh Sharma
9625310412
I hope you are doing well !!
Basically, I need your support & guidence.There is one senior citizen (60Yr +) in my family. he retired in FY 2017 mid year from his company. unable to fill income tax return some personal reasons. now getting message to file the return FY 18-19.
But in FY 2018-2019 company also reimbursed few amount (which not reimbursed in retirement year) & charged TDS on it Rs 89,780 & issued forum 16-B (Annexure) Rs 8,41,324 after standard deduction Rs 40,000/-.
Apart from it, Bank has deduct TDS on his Fixed deposites (Retired money) interest incomes TDS 10,925.6 on Gross Receipts subject to Tax 1,09,256 due to (Not Declared 15 H)
In SBI, declared 15H although this bank also deduct TDS 4,228 on Gross receipts INR 1,53,113.00.
I am unable to calculate proper tax calculation.
Could you please help me to find out the exact tax amount along with penalty if Occur & also confirm SBI bank charged less TDS amount
Thanks & Regards
Sourabh Sharma
9625310412
25 March 2020
841324
-40000
Income from salary: 801324
Income from other sources:264341
Gross total income :1065665
25 March 2020
Income Tax =137487
Less Tds=104930
Balance Tax=32557
25 March 2020
80c deductions not considered..
25 March 2020
Interest u/s 234A
234B
&
234C also Applicable
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