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Min tax amoun

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(Querist)
24 June 2010 Please provide me what is min amount of tax one has to pay and if it is below Rs 100
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
24 June 2010 Tax may be rounded off to the nearest multiple of ten rupees and shall be paid accordingly. For details pl refer section 288B of the Income tax Act,1961.
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chankya dubey

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chankya dubey (Querist)
24 June 2010 Sir,

My bank has shown that i have to pay Rs 40 as tax to IT deptt where as they have not deducted single pie from my salary. Please clarify whether i have to pay Rs 40 to IT deptt
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 June 2010 Kindly check with the banker what is details they are showing as payable and get it correct
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