banner_ad

Income tax u/s 288 a & 288 b

TDS 2090 views 1 replies

To all of the members of the Caclub of India, I am confused about the Income Tax  calculation for the column Taxable Income and  Tax Payable. As per the Income Tax Act 1961 it appears that the Taxable Income will be Round off  U/s 288 A and the Tax Payable( Tax + Edu Cess) also round off U/s 288 B. Hence my question,  when I calculate the Income Tax, both the section are applicable or only Tax Payable (Tax + Edu cess) will be Round Off U/s 288 B. 

Please guide me about the above question.

Replies (1)

Both the sanctions have different impact... one is on Taxable Income and other is on Tax Payable.

You need to consider both sections at there respective place.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details