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    RAJ KUMHARE
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    This document calculates an individual's taxable income and tax payable for the year. It shows that the individual had a gross total income of Rs. 4,06,000 entirely from salaries. There were no deductions. The total taxable income was therefore Rs. 4,06,000. The total tax payable was Rs. 7,800 but a rebate of the same amount was available, resulting in no tax payable. No other taxes, fees or interest were due. The total tax paid through deductions was Rs. 0. Therefore, the total amount payable was Rs. 0.

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    This document calculates an individual's taxable income and tax payable for the year. It shows that the individual had a gross total income of Rs. 4,06,000 entirely from salaries. There were no deductions. The total taxable income was therefore Rs. 4,06,000. The total tax payable was Rs. 7,800 but a rebate of the same amount was available, resulting in no tax payable. No other taxes, fees or interest were due. The total tax paid through deductions was Rs. 0. Therefore, the total amount payable was Rs. 0.

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    © All Rights Reserved
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    4 views2 pages

    Summary

    Uploaded by

    RAJ KUMHARE
    This document calculates an individual's taxable income and tax payable for the year. It shows that the individual had a gross total income of Rs. 4,06,000 entirely from salaries. There were no deductions. The total taxable income was therefore Rs. 4,06,000. The total tax payable was Rs. 7,800 but a rebate of the same amount was available, resulting in no tax payable. No other taxes, fees or interest were due. The total tax paid through deductions was Rs. 0. Therefore, the total amount payable was Rs. 0.

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    of 2

    Calculation of Your Taxable Income

    A. Gross Total Income V 4,06,000


    Hide Details

    Income Chargeable under the head ’Salaries’ V 4,06,000

    Income Chargeable under the head ’House Property’ V0

    Income Chargeable under the head ’Other Sources’ V0

    Gross Total Income V 4,06,000

    B. Total Deductions V0
    Hide Details

    Total Deductions ( - ) V0

    C. Total Taxable Income (A-B) V 4,06,000

    Calculation of Tax Payable

    D. Total Tax, Fee and Interest V0


    Hide Details

    Tax Payable on Total Income V 7,800

    Rebate u/s 87A V 7,800

    Tax payable after rebate V0

    Health and Education Cess at 4% V0

    Total Tax & Cess V0

    Relief u/s 89 V0

    Balance Tax After Relief V0

    Interest u/s 234A V0


    Interest u/s 234B V0

    Interest u/s 234C V0

    Fees u/s 234F V0

    Total Interest and Fee Payable V0

    Total Tax, Fee and Interest V0

    E. Total Tax Paid V0


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    Tax Deducted at Source (TDS1) on Salary Income V0

    Tax Deducted at Source (TDS) from Income Other than Salary V0

    Tax Deducted at Source (TDS) as furnished by Payer(s) V0

    Tax Collected at Source (TCS) V0

    Advance Tax V0

    Self Assessment Tax V0

    Total Tax Paid V0

    Amount Payable V0
    Hide Details

    Total Tax Liability V0

    Total Tax Paid V0

    Total Amount Payable V0

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