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.
Answer Posted / 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 |
Post New Answer View All Answers
bank jobs
What is purchasing order?
can we adjust margin money paid to bank to open a Bank Guarantee in stock statement while calculating Drawing Power
what is profitability ratio and dividend policy ratio
which type of questions did HR Manager ask and what are the answers
I have a doubt in tally,if a customer purchase our product on cash or sometimes credit,under which head i need to make the customer ledger.?
Role-specific management accountant job interview questions:
What is book profit? How it was calculated
What is a cpa?
what TYPE OF INVOICE SHOULD RAISE TO C&F agent ?
What is the difference between deferred revenue and accrued revenue?
i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial
which chart of depreciation copy for our Indian companies in sap(fi-aa)? please give answer. Thanking you, mohan
What is accounting for plant assets?
Does anybody know anything about BirlaSoft? I got a job offer, they sent me a contract to sign and return, but thank God they didn't ask for any money! But, they said they would send me a check in the mail. And as my first "task" I would have to use that check to order a bunch of accounting software, and I would need to purchase this software ONLY from the vendors that THEY provide. Is this a scam to just get money? I'm wondering if they "own" the vendor they "work" with and launder money that way. I asked the person who was getting my information, as far as my name and address to send the check to, Why would I have to buy software to install in my home computer anyway? Couldn't they just send me a link for the software to download? I'm afraid of the check being fake. Because, if I deposit the check into my checking account and it turns out to be fake, then I'll owe the bank all that money! Hope to hear from someone soon. Thanks.