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Tax Calculation and Payable Summary

The document outlines the calculation of taxable income, showing a gross total income of ₹10,07,901, total deductions of ₹1,18,839, resulting in a taxable income of ₹8,89,060. The total tax payable is ₹93,924, which includes a health and education cess of ₹3,612. After accounting for tax paid of ₹94,861, a refund amount of ₹940 is due.

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PRAKASH SUTHAR
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3 views2 pages

Tax Calculation and Payable Summary

The document outlines the calculation of taxable income, showing a gross total income of ₹10,07,901, total deductions of ₹1,18,839, resulting in a taxable income of ₹8,89,060. The total tax payable is ₹93,924, which includes a health and education cess of ₹3,612. After accounting for tax paid of ₹94,861, a refund amount of ₹940 is due.

Uploaded by

PRAKASH SUTHAR
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 „ 10,07,901

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Income Chargeable under the head ’Salaries’ „ 10,00,223

Income Chargeable under the head ’House Property’ „ 0

Income Chargeable under the head ’Other Sources’ „ 7,678

Gross Total Income „ 10,07,901

B. Total Deductions „ 1,18,839

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80C - Life insurance premia, deferred annuity, contributions to provident fund, „ 1,06,161
subscription to certain equity shares or debentures, etc under section 80C

80D - Deduction in respect of health insurance premia, medical expenditure, V 5,000


preventive health check-up

80TTA - Interest on saving bank Accounts in case of other than Resident senior citizens V 7,678

Total Deductions ( ) „ 1,18,839

C. Total Taxable Income (AB) „ 8,89,060

Calculation of Tax Payable

D. Total Tax, Fee and Interest „ 93,924

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Tax Payable on Total Income „ 90,312

Rebate u/s 87A „ 0

Tax payable after rebate „ 90,312

Health and Education Cess at 4% „ 3,612

Total Tax & Cess „ 93,924

Relief u/s 89 „ 0
Balance Tax After Relief „ 93,924

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 „ 93,924

E. Total Tax Paid „ 94,861

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Tax Deducted at Source (TDS1) on Salary Income „ 94,861

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 „ 94,861

Refund Amount „ 940


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Total Tax Liability „ 93,924

Total Tax Paid „ 94,861

Total Amount Refund „ 940

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