IT Return

Being senior citizen, he will get basic limit of 225000, so, compute tax for the next 75000 @ 10%. then next 2,00,000 @ 20%, and the next 95000 @ 30%, add education cess, and i think he was liable to pay aadvance tax for delay for the same will attract sec 234 Interests...i am in a hurry, so couldnot calculate the taxable amouut.... sorry for that.. chao

Hi  Meghdoot,  thanks for ur kind reply,

 I can do that part of work Income tax is 76000 and EC & HEC is 2280 Total tax is 78280/- which is normal Tax Calculations Less TDS 61285 Balence payable is  16995/-

My question is what is the Interest Calculations for dat U/s 234 A , B & C In Detailed

Thanks & Regards

Hi all

now I am sending Tax Computaion on above Probelm in my Calculation.

Is there any changes ple send it

Thanks and regards

Hi Raghu

I have seen your .xls file. The tax calculated by u is correct. You have to deposit Rs 19000 as self assessment tax.

I agree, tha amt of tax payable is 19000

Thats Right....

thansks Shamita for ur reply