Tax liability

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Aditya (Querist)
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28 July 2014 total salary 293927 exmptd alwnc 2400 PF u / S 80c ( shown in 16 ) 9804 tx ddcted 6173+185 bt when m filing d return online it showing tx liability 1010 is the PF exmptd u/S 80c ..

Nikhil Kaushik

Nikhil Kaushik (Expert)
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29 July 2014 yes PF is deductible under 80C. you should not have any tax liability other than tax already deducted.

ALOK GOEL

ALOK GOEL (Expert)
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29 July 2014 You Question is not clear . Still if I understood like this then UR ans can be as follows:

1. Salary : 293927
2. 80C ded.: 9804
3. Exempt Allowa. : 2400
4. TDS :6173 + 185 = 6358

If UR question ( Why are you not writing clearly to get the help)is correct then ur Tax liability will be as as below:

293927-9804-2400 = 281723

281723-200000 = 81723 ( Taxable)
--> Tax will be 8170
8170- 6358 = 1812 ( Will be actual tax payable by U)

Or

You can calculate using ITR-1 or 2 utility file the exact amount of Tax to be paid after filling relevant income and 80c , TDS etc. and u will get correct figures.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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29 July 2014 Dear Alok,

What about 87A deduction. You forgot to provide teh same.

ALOK GOEL

ALOK GOEL (Expert)
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29 July 2014 yes Nikhil under 87A , 2000/- deductions to be considered .

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