Income tax

Efiling 439 views 1 replies

Could anyone help me what would be the tax liability as an NRI for the following incomes in India

1) selling of bonus shares - RS 2 lacs (TDS of RS 33000 has been deducted)

2) Nett income from bank interest after TDS deduction Rs 1.43 lacs ( TDS was Rs 43000)

Could I claim the TDS deducted for selling of bonus shares

What should be the total income I should declare

What tax slab rate I should use for tax calculation - what would be the amt?

Anyone could help me so that I could file the returns through e-filing

Best Wishes - Sethuraman


 

Replies (1)

INCOME

SELLING OF BONUS SHARE : 200000

BANK INTEREST                      :    186000    - 143000+43000

TOTAL :                                      :     386000

TAX

UPTO 160000 - NIL

160000 TO 300000 -  14000

ON NEXT 86000 @ 20% - 17200

TOTAL TAX : 31200/-

CESS @ 3%  - 936

TOTAL TAX PAYABLE - 32196

TDS DEDUCTED : 33000+43000 = 76000

TAX REFUNDABLE :     76000-32196 = 43804

 

SEE THERE IS A SAME SLAB OF 160000 TO NON RESIDENT ALSO.

BUT IN NON RESIDING WOMEN & SENIOR CITIZEN IS NOT CONSIDERED.

ASSUMING U GOT AFTER SELLING BONUS SHARE 200000-33000 = 167000

ASSUMING ASSESSMENT YEAR  2010-11


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