Hi,I am Ram, I took a personal loan on 1st april 2019 sum of 10 lakhs from HDFC bank and FLEXI LOAN 11.50 lakhs from Bajaj finserv. I paid loan amounts as below
HDFC persoanl Loan (Total 12 EMI paid)
Interest amount paid:1,00,573/-
Principal amount:1,60,871/-
Bajaj finserv Flexi Loan (Total12 EMI paid)
Interest amount paid:166750/-
Principal paid:NIL
(Above principal amount(total 21.5 lakhs) taken leased houses 2 no's under sub let and earned income sum of Rs 156000(I.e 13000×12) in 1st house and Rs 174000(14500×12) in 2nd house.(total earned 3.30 lakhs.
Since i am a salaried employees, Company has deducted TDS 237095 on Net income of 1384920(after deductions of chapter VI-A) in old pattern.
Please suggest how much balance income tax to be paid now?
CAclubindia
