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Income tax challan payment

ITR 344 views 5 replies
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MBA
105 Points Joined March 2015

1) Should I calculate Health cess on Tax payable before TDS or after utilizing available TDS credit?

2)  In tax challan,  payment has been made in Income tax field altogether instead of cess and income tax field. Is tat ok?

 

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On 31 August 2019 at 19:19 Report
Replies (5)
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Student CA
1005 Points Joined July 2013
1.edu cess on tax amt after tds
2.no problem
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On 31 August 2019 at 19:47
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17264 Points Joined December 2018
1. First calculate Total income
2. calculate tax on total income
3. Add 4% cess
4. Total tax liability including cess
5. Reduce Advance Tax, TDS
6. Balance is S A Tax payable or refund due
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In tax challan , payment has been made under income tax field - it's okay
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On 31 August 2019 at 20:40
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67 Points Joined March 2018
calculate your tax including cess and then deduct TDS and advance tax.. The remaining amount is tax payable or excess is tax refundable , as the case may be.
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On 31 August 2019 at 20:49
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Student
23688 Points Joined November 2017
Follow Kapadia Sir's advice...

He's absolutely correct
1 Reply
On 31 August 2019 at 22:36
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Student
7053 Points Joined February 2019
before claiming TDS/advance tax paid apko cess lagana hai computed tax per.
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On 03 September 2019 at 01:13

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