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pavan (Private)     25 June 2021

TDS AND INCOME TAX CALCULATION

Suppose Mr X salary income is  160000 p.a and he is getting income from commission Rs 5 lakh ...then apart from Tds  will he liable to income tax ? Please reply with calculation..Whether that commission is added to total income??



 3 Replies

Sourav

Sourav (Student)     25 June 2021

Yes he is liable for Income tax. Yes Commision income should be added
Karan Prajapati

Karan Prajapati   25 June 2021

Yes, total income liable to Tax
Income from Salary - Rs.1,07,500 (considering Std Deduction and 2500 PT).
income from Other Sources- Rs.5,00,000(Considering no expenses have been incurred)
1 Like
debora M

debora M (BUSINESS DEVELOPMENT MANAGER)     21 July 2021

Yes apart from TDS. He is liable to income tax


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