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Challan 280 + itr 2 + tax payable + how to split and pay

ITR 733 views 4 replies

Using xls utility for ITR 2 i have successfully calculated extra tax payable as 11000 Rs towards STCG and saving bank interest. While paying tax through challan 280 self assessment tax i see options like income tax , interest, education cess and penalty. Do I need to pay entire 11000 as income tax or how can I split this amount into interest, cess, penalty etc.Pl suggest.

Replies (4)
there are two options available
1.u can directly enter total tax amt in income tax column and remaining other as zero

2.enter tax amt as 11000-e.cess amt -interest..... and enter ecess and interest in respective coloumns.....ensure that total becomes total tax payable i.e.,11000
thanks Akhil. option 1 is easy and I understand that. Regarding option 2 - the xls utility for ITR 2 does not give split of 11000 as how much in tax, interest, cess etc. How to calculate that Or does that xls utility provide any such option for getting split calculation? thanks
you can take help of tax calculator in income tax side

Thanks Saurav. Your comment helped to reach conclusion. I now also realized that i could have received the split by comparing my Form 16 (tax split) compared to ITR 2 xls utility split. The difference between two splits is actually the split i need to pay. I summed the diffenrece split and it is matching the total extra tax payable. Thanks Saurav and Akhil for your help.

Now i wonder for this ongoing year - how to get capital gain statement for my equity and debt mutual funds to pay advance tax and avoid penalty?

CAMS statement even though mentions current year + previous year - does not include this ongoing year capital gain statement. Moreover there statemetn does not cover all AMCs for e.g. Franklin. Please advice.

 


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