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Taxable Income and Tax Calculation Guide

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nasarullah3773
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0% found this document useful (0 votes)
6 views4 pages

Taxable Income and Tax Calculation Guide

Uploaded by

nasarullah3773
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Calculation of Your Taxable Income

A. Gross Total Income

9,65,404
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Income Chargeable under the head ’Salaries’

9,59,904

Income Chargeable under the head ’House Property’

0

Income Chargeable under the head ’Other Sources’

5,500

Gross Total Income

9,65,404

B. Total Deductions

1,95,900
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80C - Life insurance premia, deferred annuity, contributions to provident fund, subscription to certain equity shares or
debentures, etc under section 80C
1,50,000

80DDB - Medical treatment of specified disease

40,000

80G - Donations to Certain Funds

2,900

80TTA - Interest on saving bank Accounts in case of other than Resident senior citizens

3,000

Total Deductions
( - ) 1,95,900

C. Total Taxable Income (A-B)

7,69,500

Calculation of Tax Payable

D. Total Tax, Fee and Interest


69,056
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Tax Payable on Total Income

66,400

Rebate u/s 87A

0

Tax payable after rebate

66,400

Health and Education Cess at 4%

2,656

Total Tax & Cess

69,056

Relief u/s 89

0

Balance Tax After Relief

69,056

Interest u/s 234A

0

Interest u/s 234B

0

Interest u/s 234C

0

Fees u/s 234F

0

Total Interest and Fee Payable

0
Total Tax, Fee and Interest

69,056

E. Total Tax Paid

69,057
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Tax Deducted at Source (TDS1) on Salary Income

69,057

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

0

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

0

Tax Collected at Source (TCS)

0

Advance Tax

0

Self Assessment Tax

0

Total Tax Paid

69,057

Refund Amount
0
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Total Tax Liability

69,056

Total Tax Paid

69,057
Total Amount Refund

0

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