Salary as well as professional income itr 4

" However, tax is calculated as per tax slab rate............"

The taxable income is aggregated from all the heads and taxed as per slab rate.....

No special slab rate for TDS deducted source,,,

TDS is deducted from total tax liability to arrive at net tax liability.

Thank you sir..

However for 194J section tax rate is 10% only. Is professional income also come under tax slab. What is the 10% of the tax for 194J. or Is my understanding different.

Dear sir,

Is ITR4 valid for salary as well as professional income. Here we should pay extra tax for professional income if the third slab applicable (30%) including salary because TDS collected only 10% of the professional income.

Is section 44ADA eligible for 194J. We miss understood that TDS and tax slab rate.

Thank you

Originally posted by : Ramesh
	However for 194J section tax rate is 10% only. Is professional income also come under tax slab. What is the 10% of the tax for 194J. or Is my understanding different.

The tax deduction rate differs for different services........ but not tax rate over any income.... it has to follow slab rate....... (unless specified otherwise)

Section 44ADA is for presumptive assessment where you get 50% of your gross receipt as deductible from tax load........ but it does not fix tax rate at 10% only.....

Thank you for your information.

We will fill ITR4 and Professional income (194J) under section 44ADA. Correct us if anything wrong.