compute income tax for the nett income of Rs 325560
In case of
Individual
Resident women
Senior citizen
Firm add education cess on the tax
Answer / maruthi
net income = 325560/- as per A.Y.2009-2010.
individual
150001 to 300000 - 10%
in this case net income Rs.325560/- it is more than
Rs.300000/-
Rs.15000+20% ot the amount exceeding Rs.300000/- (325560-
300000)=25560*20/100=5112+15000=20112/-
Resident women
in this case net income Rs.325560/- it is more than 300000/-
Rs.12000+20% of the amount exceeding Rs.300000/- (325560-
30000)=25560*20/100=5112+12000=17112/-
seniore citizen
in this case net income Rs.325560/- it is more than 300000/-
Rs.7500+20% of the amount exceeding Rs.300000/- (325560-
30000)=25560*20/100=5112+7500=12612/-
as per rule firm rate 30%
example =Rs.325560/- *30%
=Rs.97668*3% EC
Rs.97668*3/100= 2930.04
Is This Answer Correct ? | 6 Yes | 0 No |
how to caluclate the mumbai tax with example? what is mean by credit and debit ?
How to entry pass tds of sundary debotors
vat return dates for uttrakhand
How to calculate TDS interest for the financial year 2010-11
what is vat? what is excise? what is form c & d in sales tax?
43 Answers Aksh Optifibre Limited, CA, Cat Computer Services, DHL, Escorts, iFlex, Murjani, Precision Die Cutting, TCS,
company want to me deduct tds, i have pan if i need tan number.if yes kindly explain why?
Need of Bank Reconciliation to a company
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
what is mean by CST purchase way bills, is it CSt Waybills equals to CST purchase way bills?
should we can take modvat benefit any time or they have some limit time to take input benefit claim?
what is excise duty tax
what is quarterly due dates and form numbers for vat?