it's shame yaar no one is there who knows solution in 3lacs

Here tax will be only on Winnings from Lottries 20000*30% =6000 plus 3% Cess

One suggestion to u Ravi.. Never post any query wid such type of bad title (

it's shame yaar no one is there who knows solution in 3lacs) if u r professional..

Adarsh

Hi, Ravi yoyu said the total income is Rs. 2,00,000/- but you supplied information for only Rs. 1,10,000 (30000+20000+50000+10000)  what does the differnce income of Rs. 90,000 consist.

Please give details for quick answer.

ans. is here see ---------

total income                                                   200000

income tax on 250000      (a) (see note)       14500

income tax on 230000       (b)                           (5000)

(ag. income 50000 +exempted slab 180000)

a-b                                            =                9500+3% education & higher education cess = 9790 ans.

note - tax on 250000 computed as under :

tax on long term capital gain 30000*20%  = 6000

tax on winning from lotteries 20000*30% = 6000

tax on 111A         10000*15%                       = 1500

tax on other income

190000-180000=10000*10%                    = 1000

total = 6000+6000+1500+1000=14500

tax Computation as bellow ...

WINNINGS= 20000*30/100 = 6000 + ES 3% .= tax payable Rs.6180/-

also Pls clearify detail of long term capital gain

SHE CAN AVAIL BASIC EXAMPTION OF RS.190000(AY-2010-11) ( HER 200000 INCOME FULL DETAILS REQUIRED FOR MORE CLARITTY)
 

first of all adarsh I want to tell u one thing that is ur answer is wrong ,,there is no tax on LTCG and STCG u/s 111A according to u..................secondaly I have posted this query many times but I did not got any reply................Now I changed the titled then u replied.thanxx for ur reply........and one thing I am also a professional so that I posted this query...........

Ketan this is a complete question......here 2,00,000 includes :

Long Term Capital Gain                   30,000

Winning from Lottries                        20,000

Short Capital Gain u/s 111A             10,000

and does not include agriculture income> and income is that type of income which is taxable at normal slab rate.thanxxx Ketan to see this query...........

vivek U tried well but u r also wrong...................and tajsenthil u charged tax on only casual income..........no tax on LTCG and STCG according to u>>>>

dharmveer pls tell me which type of detail  in respect of LTCG do u require...................I could not understand???????

Tax Payable - 6180/-

HEY  Ravi,

let me make u 1 thng very clear,u r not PAYING here one to mandatorily answer ur queries and u shuld generate the level of generosity to convince others to answer ur question.

And as observed from ur replies u r pointing wrong 2 every 1 answering this question of yours and if u knw th solution then y hav u posted the above query.

GROW UP BROTHER

And learn some BASIC MANNERISMS.

wht do you mean that i tried well......... heyyyyy my ans. is right.

see pe2 may 2006

tax rs.6180 is correct

Hey Raj,First of all I did not give any right to u to on me comment without doing any thing if u want to comment sth then u should try to give answer my query,otherwise "iske aas pass bhi mat bhatko"aap ne wo kaam kiya hai ki kahte hain ki"bahti hue ganga me hath dhona"so it's my advice brow that when u were in air don't comment on flow of water if u want to comment then first of all feel the flow of water after that u r eligible to comment. aur haan isi baat par thode basic manners bhi sikha do saath hi institute ka naam bhi bata do jo aapne khol rakha basic manners sikhane ke liye.thanxxx buddy