Tax liability or refund

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2015 My Gross Taxable salary is 1394313

Saving interest 15265

FD interest 19730

80 C 128266
80D 9717
80TTA 10000
TDs on salary 211672
TDS on Interest 2011

06 August 2015 Tax liability 1997 .......

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2015 Can you explain?

on FD interest TDs rate is 10% why he has to pay now remaining 20%

06 August 2015 Your income is in 30% slab so 30% tax payable on FD interest. TDS is only deducted on minimum percentage, while filing the return it is the requirement to pay tax as per applicable slab rates.


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