Tax Calculation

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Daksh (Querist)
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18 March 2010 If taxable income is Rs 1,70,000(including STG),Short Term Capital Gain is Rs 15,000, then what will be the amount of tax Payable for F.Y.2009-2010 relevant to A.Y.2010-2011?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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18 March 2010 In case of male individual basic exemption is Rs. 160,000 for F. Y. 2009 - 10
Income other from STC gains is Rs. 155,000 & STC Gains us Rs. 15000
So only income taxable is STC gains of Rs. 10,000/- which will be taxable @ 15.45% on case of STCGains u/s 111A = 1,545 and if STCGains other than u/s 111A taxable @ 10.30% = 1030/-.

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
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18 March 2010 Agree with expert

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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18 March 2010 AGREE

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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18 March 2010 agreed

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