Please download from https://prrajan-tax.blogspot.com/2008/03/indian-income-tax-calculator-for-fy2008.html .
Prasanth Rajan
(Engineer)
(55 Points)
Replied 07 July 2008
Please download from https://prrajan-tax.blogspot.com/2008/03/indian-income-tax-calculator-for-fy2008.html .
In case a salaried person whose tax has already been paid by the employer also has some interest from Bank then s/he needs to pay tax on that interest income also.
1) By what time period this tax on bank interest have to be paid?
2) In case a person has not yet paid the tax on this interest income from bank, then how much tax he needs to pay now i.e., including interest on the tax not paid.
3) How is this interest calculated? can you give an example?
Thanks,
K.K.
Prasanth Rajan
(Engineer)
(55 Points)
Replied 21 July 2008
| Originally posted by :Guest | ||
| " | I want tax calculator | " |
Please download from https://prrajan-tax.blogspot.com/2008/03/indian-income-tax-calculator-for-fy2008.html
Prasanth Rajan
(Engineer)
(55 Points)
Replied 21 July 2008
| Originally posted by :Guest | ||
| " | In case a salaried person whose tax has already been paid by the employer also has some interest from Bank then s/he needs to pay tax on that interest income also. 1) By what time period this tax on bank interest have to be paid? 2) In case a person has not yet paid the tax on this interest income from bank, then how much tax he needs to pay now i.e., including interest on the tax not paid. 3) How is this interest calculated? can you give an example? Thanks, K.K. |
" |
1. By 15th of June, September, December and March.
2. If your annual interest is less than 5000, there is no interest to be paid; if it is, then, 1.25 per month (or 15 per cent a year) on the amount of tax payable as per your return of income
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
