Computation for the A.Y. 2022-23

Send Us Computation for Mr. A for the A.Y. 2022-23

1)  SALARY RECEIVED  -  Rs. 6,00,000.00

2)  YEARLY BONUS RECEIVED -Rs. 50,000.00

3) Company Deduction

     Providend Fund - Rs. 43.200.00

     Professional Tax - Rs. 2400.00

4) LIC  paid  - Rs. 70,700.00

5) House Building Loan Taken 01/05/2021 Rs. 900000 & for purpose total Interest (House Building Loan) paid  Rs. 72640

 

Replies (5)
Quick Summary
This discussion outlines the tax computation for the Assessment Year 2022-23 for an individual named Mr. A. It details salary received, yearly bonus, company deductions like Provident Fund and Professional Tax, LIC payments, and interest paid on a house building loan. Despite the calculations resulting in zero tax liability, the discussion also touches upon the possibility of late fees under Section 234F for a belated return.

Tax / Tds will be zero
Please check your inbox sona1
Belated return ?

yes it is................

Tax is nil but you have to pay late fees under section 234F

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