Calculation for income tax

Tax queries 136 views 1 replies

Hi All,

I need final calculation of amount - 20,03,937/-

After deduction all i.e. HRA / u/s 10 / 80 C & D - Final amount came to 20,03,937/-

So when I am taking 30% on this is crossing 5L amount but when I check same on Income Tax Website it showing me amount of 4.26L

So, please share final calculation of 

Net Taxable Income - 20,03,937/-
Income Tax - 
Surcharge -
Education Cess - 
Secondary and higher education cess - 

Replies (1)
Tax Due: 4,13,682
Educational Cess: 12,410
Total: 4,26,092

And if no TDS is deducted then you have to pay Interest u/s 234 A/B/C which comes to 42,813

And then total amount which you have to pay is ₹4,68,910


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