Calculate Tax Please

Mayank Ahuja ("Learner") (586 Points)

26 October 2009  

Q. If an individual( male, not a senior person) having:

Salary Income : 98000/-

STCG: 60000/-

Deducn under 80c= 8000/-

wiil he be Liable to pay tax under A.Y.2009-10?

(b) what will be ur Tax amt If there is NO deducn u/s 80c  is available?

Pls advice with tax calculation if possible, sm1 says STCG is taxable at flat rate irrespective of Slab rates?


Pls reply