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My Annual salary 180000/- and house rent income 24000/- and
for 2009-10.LIC paid Rs 18000/- annual and 3500/- mediclaim
so please explain me with detals how caluclate the tax
which is paid to department. Please give all details of
calucation.
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Salary Income Rs.180000.00
Hose Rent Income Rs. 24000.00
Total Rs.204000.00
LIC Paid Rs. 18000.00
Mediclaim Rs. 3500.00
Taxable Income Rs.182500.00
Tax Calculation
upto Rs. 160000
160000-182500 = 22500
Total Tax is Rs.2250/-
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / t uma papi naidu
Salary income Rs 180000.00
House rent income Rs 24000.00
total Rs 204000.00
Lic paid 80c (-) Rs 18000.00
Mediclaim 80d (-) Rs 3500.00
Taxable income Rs 182500.00
up to 160000.00
160000-182500 = 22500
22500*10%=2250
educational chess 2% = 2250*2%=45
higer education chess 1%=2250*1%=22
total tax is = 2317.00
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / packiaraj
Salary income Rs 180000.00
House rent income Rs 24000.00
total Rs 204000.00
Lic paid 80c (-) Rs 18000.00
Mediclaim 80d (-) Rs 3500.00
Taxable income Rs 182500.00
up to 160000.00
160000-182500 = 22500
22500*10%=2250
educational chess 3% = 2250*3%=67.5
total tax is = 2250+67.5= 2317.50
2317.5 (or) 2318
Rounded off = 2318/=
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / trivendar kumar
Salary Income Rs.180000.00
Hose Rent Income Rs. 24000.00
Total Rs.204000.00
LIC Paid Rs. 18000.00
Mediclaim Rs. 3500.00
Taxable Income Rs.182500.00
Tax Calculation
upto Rs. 160000 Nil
160000-182500 = 22500 1250
Total Tax is Rs.1250/-
| Is This Answer Correct ? | 4 Yes | 10 No |
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