Calculation of Income Tax

please help friends in calculating income tax of Mr. X

Thanks in advance 

Varun Arora

 I think total income of Rs. 1427305 can be taxed which comes to 369009.00 of which tax is deducted for Rs. 329778.  So balance 39231 is payable as tax.....

yes Yaswanth kumar is right..

 Actually friends i have to file ITR of that person. and these particulars are actual and relates to that person. sorry for incomplete information.

 Please  find attached calculation of Tax according to me.

please tell me what are the queries in this sheet.

Thanks

Varun

 Statement prepared by you is right.

 Is in this case any penelty u/s 234A or not i have to deposit balance tax without penelty or interest.

Thanks

Varun

varun you have not included TDS amount in income Column, Why? Rest is Ok!

I Think Tht Amount is Including TDS

varun you have not included TDS amount in income Column, Why? Rest is Ok!

I Think Tht Amount is Including TDS

 yes the amount is included of TDS

Hey varun... you didn't give any point regarding 80c and 80d deductions in your problem... But your attachment, which has a solution contains it......

hello mr.yashwanth please see the 3rd post of Mr.varun.... Mr. varun is right in calculating the tax amount.... kindly specify whether it is family pension/not?....if it is family pension Rs.15000 or 1/3 of pension is exempted..... if u have any other doubt u may feel free to ask me....thank u....

I have cleared my doubts on this.

The amt. recd. in form of Pension is from P.S.E.B. which is govt. entity.

Can you please specify me what is family pension???

what are the treatments of family pension.

Thanks 

Varun Arora