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Guest
Guest
(Querist)
04 May 2012
gud afternoon experts
a men have a Shop of car service .and gross turn over approx 6 lakh.than how he will fill their return my means is that with slab rate or other plz tell me that my calculation is right or wrong
total turn over - 6 lakh
lic- 15 thousand
than calculation is
6 lakh * 8/100=48000
than my tax will be nil bcoz income (48000) less than slab rate
a men have a Shop of car service .and gross turn over approx 6 lakh.than how he will fill their return my means is that with slab rate or other plz tell me that my calculation is right or wrong
total turn over - 6 lakh
lic- 15 thousand
than calculation is
6 lakh * 8/100=48000
than my tax will be nil bcoz income (48000) less than slab rate
06 May 2012
Such man would have no IT liability for total income being below exemption limit
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