DearWhen my taxable income of Ass Year 2015-16 is 53,240 and tax yet to be paid. Then how much tax payable till date including interest. How i calculate interest amount.
6 Replies
Kiran. S
(CTO)
(745 Points)
Replied 19 August 2015
There is no tax for taxable income of 53240. if ur taxable income is above 2,50,000 then you have to pay tax. You need not file return unless you have tax credits which needs to be taken care off or AIR transaction.
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 19 August 2015
As per Op there is no taxable income
ADARSH GUPTA
(ca final)
(24 Points)
Replied 19 August 2015
There is no option to adjust int. Because total income is just 53240
.
gopal
(student)
(37 Points)
Replied 19 August 2015
Clarify, do you want to say that your total income is 2.5L+53240 or anything else?
vishnu bhardwaj
(Tax Advocate)
(212 Points)
Replied 20 August 2015
IF YOUR INCOME IS 2,50,000+ 53240 WHEN YOU PAID THE TAX ON 53240/- AND DATE EXTEND FOR FILE YOUR ITR31.08.2015
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