Query regarding income tax calculation

Yes !

Hi ,

My Fixed Deposit intrest for the financial year is 3,000 & my saving intrest isRs 5,000 from bank savings acct..total is Rs 8,000 intrest earned , should I add it to my total income  Rs 1,80,000..should I ADD MY INTREST Rs  8,000 in my income Rs 1,80,000 FOR CALCULATING income tax..!1 Please confirm..!!

Hello Neera,

Rs. 1,80,000 is the minimum exemption amount onwhich no need to pay tax. If your total income exceeds the limit than you need to pay tax.

If you are having only interest income in financial year than you are not required to pay tax.

Thanks.

Hi,

I am working in company , my total income is Rs 190000 , and my intrest income from the bank plus fixed deposit intrest is Rs 8,000 , then what will be my total income for calculating the income tax...?please clarify how much income tax to be calculated as stated ablove.. !!

Basic exemption Rs.190000 after allowing deductions and exemption for the particular head of Income, for your salary income has some exemption and deduction like HRA/PF/exempted allowance, please calculate those exemption and deduct and finally you arrive the taxable salary and add your interest income and compare with the basic exemption of Rs.1.90 lakh

Computation of income :

Hi,

what is the different tax slab for men and women , please provide me the url for the slab , ..!!

Hi,

What are the basic Limit Exemptions for calculating the income tax in case of Male & Female..??

Please download the the excel file. It will help you lot for your tax management. 

Thanks

Hi,

What are the basic Limit Exemptions for calculating the income tax in case of Male & Female..?? As my husband is also working in a private company ...his details are...total income is Rs 190000 , and intrest income from the bank plus fixed deposit intrest is Rs 8,000 , what will be his total income for calculating the income tax...?..please remeber it's for my husband..please provide the detailed calculation of him also..thanks..!!

Exemption limit for male - Rs. 180000/- for FY 2011-12.

for men limit =180000

women=190000

senior citizen=240000

weather can i made payement for more than 20000 in case i sale one of my property.....

is any sec. attract to such case?????