Sukhawas Birajdar (1 Points)
11 June 2018
Sunil Ahmad
(Student)
(1511 Points)
Replied 11 June 2018
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
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193915 Points)
Replied 11 June 2018
@ Sunil...... Recalculate with 80C deduction......
@ Sukhawas...... Provide net agricultural income, & Sav. bank interest amount ......for exact tax calculation.........
Shreshth Mehta
(CA FINAL )
(179 Points)
Replied 11 June 2018
Sunil Ahmad
(Student)
(1511 Points)
Replied 11 June 2018
Shreshth Mehta
(CA FINAL )
(179 Points)
Replied 11 June 2018
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
Shreshth Mehta
(CA FINAL )
(179 Points)
Replied 11 June 2018
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
CAclubindia
