Tax payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2013
Taxable Income - 742722
Tax - 78544
Cess @ 3% - 2356
Interest - 5711
TOTAL Tax - 86611
TDS
Salary - 5500
Other - 1130 - 6630
Tax Payable - 79980
Now while paying tax, how to show bifurfication of tax amount.
79980 total in tax amount or 5711 will be shown as interest and remaining as tax and cess
Tax - 78544
Cess @ 3% - 2356
Interest - 5711
TOTAL Tax - 86611
TDS
Salary - 5500
Other - 1130 - 6630
Tax Payable - 79980
Now while paying tax, how to show bifurfication of tax amount.
79980 total in tax amount or 5711 will be shown as interest and remaining as tax and cess
CA PARAS BAFNA
(Expert)
29 July 2013
It is better to show 79980/ as tax amount.
Leave rest work for the department. Excess tax mount will be adjusted towards interest before issuing tax refund.
.
Leave rest work for the department. Excess tax mount will be adjusted towards interest before issuing tax refund.
.
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