simplest capital gain question ? plz help

501 views 4 replies

basic exemption limite being 190000 (women)

now , she has a salary income of 190000 and a short term capital being rs 30000 covered under section 111A ( taxed @ 15 percent ). she also has an lic of 100000.. now compute her tax !!

please dont confuse. respond only if u r sure enough !!

Replies (4)

Total Income = 1,90,000+30,000 = Rs. 2,20,000

Net Income =2,20,000-1,00,000 = Rs.1,20,000/-

 

Taxable Income = Rs.1,20,000/-

net tax Payable = NIL

 ok...................

okii...... thanx dheeraj

most welcome mr. Shobhit

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 17 July 2026
Article Assistant and B.com pass

BANSAL YOGESH AND CO

Gautam Budh Nagar

B.Com

View Details
Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
Featured 16 July 2026
Semi Qualified Company Secretary

Vakilsearch.com

Chennai

CS

View Details