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.
Answers were Sorted based on User's Feedback
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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