If my Income is 180000 p.a., so what tax I have to be deposit,
explain with details of total calculation?

Answer Posted / vikas patki

In case of individual and male assessee tax payable is
Rs.2000/-.
In case of individual and female assessee tax payable is Nil.
In case of individual and Sr. citizen assessee tax payable
is Nil.

Is This Answer Correct ?    16 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is the objective of business taxation in private company?

2101


Dearlers Margin Received for Direct sale from our Creditor, that TDS deducted for us. How to accounting in my records in Tally ERP 9

1223


if a item sale on cash bill which is under vat sechdule c local sale tax is 5% so what is the rate of CST without C Form

1298


Q.No.1) I paid Salary to our staff after deduction TDS. what is the journal entry pass at that time of payment of salary only, and then at the time of payment of tds. and the last date for payment of TDS Q.No.2) Suppose I paid Salary In advance due to that officer is take business tour at the end of the month in after deducting TDS. Now What is the journal entry Salary Advance & Payment of TDS. and when i will pay TDS for This Situation. Kindly Help me

1914


Can Guradians (other than parents) be dependents and can we get exemption on them at Taxation part like Medical, LTA and Sec 80DD? Pls Comment.?

1462






What is the difference between fund flow vs. Cash flow?

618


What is RITC under UP VAT. and How it is calculated.

2506


What is Excise duty? What is Edu Cess & Sec Edu Cess? Why and when it is applicable? What is Excise Claiming?

3975


The company has to pay transportation charges for transporting its materials. The company has not remitted the TDS on the same within due date. Is this expenses to be disallowed in STI. This expenses is directly considered on valuation of closing stock.

1465


How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?

2120


The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )

19758


For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?

4386


What are the deductions under salary head? Name the items.

631


A person somehow gets hold of an extraordinary rare bird, keeps it as a pet for two years and then sells it off. Will related profit be taxable as capital gain?

1664


Define previous year.

664