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Guest

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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
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Surrender

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Surrender (Expert)
06 May 2012 Such man would have no IT liability for total income being below exemption limit
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