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income tax calculations.
Step 1 =>3,78,000+1,00,000=4,78,000
Tax on 4,78,000 =8900
Step 2 => 1,00,000+3,00,000(Basic exempt.limit)=4,00,000
Tax on 4,00,000=5000
Step 3 =>8900-5,000=3900
Total tax payable = 3900+3% EC=4017=4020
@ Sunil...... Recalculate with 80C deduction......
@ Sukhawas...... Provide net agricultural income, & Sav. bank interest amount ......for exact tax calculation.........
YES CORRECT CALLATION WILL REQUIRE ALL THE TAILS TO BE FURNISHED
HOWEVER AS PER ABOVE INCOMES AND CONSIDERATION YOUR INCOME TAX LIABILITY COULD BE SOMWHERE AROUND AND BETWEEN RS 7000 TO RS8500
YES CORRECT CALLATION WILL REQUIRE ALL THE TAILS TO BE FURNISHED
HOWEVER AS PER ABOVE INCOMES AND CONSIDERATION YOUR INCOME TAX LIABILITY COULD BE SOMWHERE AROUND AND BETWEEN RS 7000 TO RS8500
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