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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
Featured ARTICLESHIP 04 August 2026
Article Trainee

Prish Consultancy LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
22 July 2026
Senior Chartered Accountant

SKSS

Patna

CA

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 July 2026
Articleship

Jawahar and Associates Chartered Accountants

Hyderabad

CA Inter

View Details
Follow