sir, My total income is Rs 7,52,289
Rs 1,32,929 + 6,289 (Housing loan interest for FY + LIC premium) + Std amount Rs 2,50,000 must be deducted from the above total income , So is it correct ...??????
And finally the net taxable income is 3,62,962 and tax to be paid is Rs 36,296.....???
Rs 35,781 tax already paid as TDS (form 16).
So finally I have to pay only Rs 530 including education cess 3% ..? Is the whole calculation correct sir ..?
Asked 2 years ago in Income Tax from Pune, Maharashtra
Please state detailed working.
Talk to Vijay N. Kale
4.9 on 5.0
No. you will also be taxed at 20% for some portion of income.
Talk to Shashank Surana
4.3 on 5.0