How itr-6 is calculated

Hi,

Im working in an IT Company as a Fresher Tax Consultant.

Im in a Learning Phase now.

My Company Filed IT Last year and im little confuse about Income Tax Calculations.

I just want to know how to Calculate Income Tax as per ITR-6.

Gross Total Income is: 36,22,296

If anyone can help me calculating the Income Tax as per ITR-6 then it would really help me.

1 Gross total income   36,22,296
2 Deductions under Chapter-VI-A    
3 Total Income    
4 Net tax payable    
5 Interest payable    
6 Total tax and interest payable    
7 Taxes Paid    
  a Advance Tax 7a  
  b TDS 7b  
  c TCS  
  d Self Assessment Tax  
  e Total Taxes Paid (7a+7b+7c +7d)  
8 Tax Payable (6-7e)    
9 Refund (7e-6)    

 

Thanks in Advance.

 

Replies (2)
  1. For domestic companies, rate of IT for AY 15-16 is 30% + EC @ 3% (no surcharge applicable in this case). This is applicable on Net income (GTI - deductions ch-VIA if any)
  2. Interest u/s 234A (if delay in filing return), 234B (90% of advance tax not paid) and 234C (quarterly instalment of advance tax not paid as per provisions) would be attracted if applicable
  3. If you want to know the tax liability, you can use IT calculator to compute the same: https://www.incometaxindia.gov.in/Pages/tools/income-tax-calculator.aspx

 

Ok got it but it was not helping my requirement.

Can SomeOne help me calculating the below Given Computation of Income & Tax, when the Gross Total Oncome is: 36,22,296.

1 Gross total income   36,22,296
2 Deductions under Chapter-VI-A    
3 Total Income    
4 Net tax payable    
5 Interest payable    
6 Total tax and interest payable    
7 Taxes Paid    
  a Advance Tax 7a  
  b TDS 7b  
  c TCS  
  d Self Assessment Tax  
  e Total Taxes Paid (7a+7b+7c +7d)  
8 Tax Payable (6-7e)    
9 Refund (7e-6)    

I Just want to get an idea on this, it will really help me understanding next year's tax filing.

Thanks in advance..

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details