how much tax to pay

212 views 10 replies
if i am earning 5lacks 20 thousand per year and i have 1lakh 50 thousand nsc purchase on same year .so how much tax i have to pay and also please show percentage calculation
Replies (10)

Tax Rs. 6000/- plus 4% cess.... as taxable income comes to 3.70 lakhs. ...(5% over 1,20,000/)

so total 6000 plus 4 % of what ...how much total to pay please explain
6000+(4% cess on 6000)=6240/-...plus if any interest chargable u/s 234A 234B 234C
234abc??? how much and what it will be
There are 3 different interest under section 234 :

Delay in filing of Tax Returns – Section 234A

Delay in payment of Advance Tax – Section 234B

Deferred Payment of Advance Tax – Section 234C


Interest is charged 1% p.m.
so if interest charged 1 percent what is total payable amount?
SIR...INTEREST PAYABLE AMOUNT WILL DEPEND ON TIME DELAYED IN FILING RETURN ..THAT IS FROM DUE DATE OF FILING RETURN TO DATE ON WHICH YOU FILE THE RETURN....SECTION 234A
so what is due if i invest in jan 2019 to file for period april 2018 to march 2019
As per section 208, every person whose estimated tax liability for the year is Rs. 10,000
or more, shall pay his tax in advance, in the form of “advance tax”.


Due dates of advance tax payment.
By 15th June 15%
By 15th Sept. 45%
By 15th Dec. 75%
By 15th March 100%
All assessees
(other than the
eligible
assessee as
referred to in
Section 44AD
or section
44ADA)
so we are in 6000 so fine we can file return in april may or june for income earned during april 2018 to march 2019.?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register