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if a total slary of a person for year is 200000 presently then what is the income tax amount to be deducted? how should be the calculation? how the entries to be done in tally?
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Under the provisions of the BST Act, no registered dealer is allowed to collect any amount by way of tax in excess of the amount of tax payable by him. Excess tax collected is to be forfeited to Government. However i want to know whether tax payable amount is the amount before the set off claimed or the tax payable amount after availing the set off.
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