If Mr.A (Individual)Net income Rs.2,00,000 in
F.y.2009-10.How much income tax he has to pay..
Is it Right or wrong

Total Net income = 200000
(-)Nil Tax 160000
-------
40000 x 10/100=4000
(-)

Answer Posted / binesh

he has to pay tax + cess which come to 4000 + 120 = 4120/-

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what was the rate of duty i have to pay if i want to import 1) lubricants(engine oil, etc) 2) grease 3) v-belts(rubber belts used in machines, cars, etc)

1609


WHEN FORM VAT R-2 USE?

1626


How can a taxpayer get a refund for an overpayment of taxes?

701


if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu

1594


what is the exise limit in granite manufacturing

1492






Does the tax liability of an individual get affected due to his residential status? If yes, explain.

609


service tax

1597


if threshhold limit is crossed then tds is deducted on which amount ? Aggregate or exceeding threshold limit?

1244


IS THERE IS ANY EXUMTION FOR THE NEW CONCER TO NOT THE DEDUCT TDS IN THE 1st YEAR OF ITS INCORPORATION IF THE TURNVOER EXEED THE SPECIFIED LIMIT IN THE 1st YEAR.

1918


what is the journal entry for sales on discont. what is the journal entry for purchase on diicount.

1744


What are allowable and dis-allowable expenditure?

683


What are Excise Duty rates for Fin.Year 2009-10 for Pesticides and Chemicals Industries.

1876


I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com

1462


Type of form use in sales Tax

1470


Please mail me the TDS rates for the year 07-08? aamirdeba@in.com

1597