Income declaration

my client wants to pay Rs. 1000 as income tax , how much income i need to show??

individual
ITR 3.
Replies (4)
Quick Summary
This discussion clarifies how much income needs to be declared to achieve a specific income tax payment. It explains that paying only Rs. 1000 in tax might not be possible due to minimum tax liabilities, which could be around Rs. 12,500. The advice suggests declaring income up to Rs. 500,000 to avoid tax, incurring only a late fee of Rs. 1000.

Not possible u client to pay atleast 12600 unless u don't have any special tax rate income.
Okay sir
In current assessment year you have to pay minimum 12500 tax even if you want to pay only 1000 tax so it's better either do not be tax are be ready to pay tax exceeding 12500
Now you declare income UPTO Rs. 500000, the no tax will be levied only late fee of Rs 1000 levied.

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