compute income tax for the nett income of Rs 325560
In case of
Individual
Resident women
Senior citizen
Firm add education cess on the tax
- 1 Answers
- 3265 Views
- I also Faced
- E-Mail Answers
Answer / maruthi
net income = 325560/- as per A.Y.2009-2010.
individual
150001 to 300000 - 10%
in this case net income Rs.325560/- it is more than
Rs.300000/-
Rs.15000+20% ot the amount exceeding Rs.300000/- (325560-
300000)=25560*20/100=5112+15000=20112/-
Resident women
in this case net income Rs.325560/- it is more than 300000/-
Rs.12000+20% of the amount exceeding Rs.300000/- (325560-
30000)=25560*20/100=5112+12000=17112/-
seniore citizen
in this case net income Rs.325560/- it is more than 300000/-
Rs.7500+20% of the amount exceeding Rs.300000/- (325560-
30000)=25560*20/100=5112+7500=12612/-
as per rule firm rate 30%
example =Rs.325560/- *30%
=Rs.97668*3% EC
Rs.97668*3/100= 2930.04
| Is This Answer Correct ? | 6 Yes | 0 No |
I am register delear in Maharashtra state, I sold pulses to a register delear in Andrapradesh state. In Andra state tax is applicable on pulses, but in Maharashtra pulses are tax free, So I have to take "c" form from buyer party or not ?
sir can u please provide me knowledge about all the direct tax and indirect tax
material sale seller to buyer, seller give to material to buyer against Form H, so what benefit to seller to submit Form H for vat purpose.
What is an entry for INCOME TAX REFUND ?
What is the difference between Indian and us taxation
Please tell me about TDS, VAT, CST, Service tax with latest rate?
17 Answers Ambica, Apollo Tyres, DELL, Empire, GI, GSNA, Idea, Indu Projects, Jai Enterprises, JMD Group, KK Bhansali, Marck Biosciences, National Genset Power Corporation, Pharmaceutical, Sangam Group, Satyam, Shipping Corporation of India, Shubham, Tech Mahindra, TVS, Vico, Vijay Industries,
One of my party i.e. ABC (prop. firm) is providing repairing/alteration service relating to Comm. Construction.. (not new construction), they have provided a repairing/alteration service to one co-op. bank...i.e. XYZ………. At the time of audit by central excise dept., officers has asked/directed to bank to pay the service tax by the ABC (for year 07-08 & 08-09)..... Now, my question is …..:Is my Party ABC liable to pay the service tax ?
cst rates
What Is Difference of Cst Waybill Advance cst Waybill
our manufacturing company, i have received different type of excise bill. for ex. abc invoice purchased oil 17966.88 qty @54.80 inducing excise duty 14% tn how separate rate n excise calculated
How many financial statements are there?
1000 unit one into process at cost 100000. loss at 10% of input is considered normal, which is realisable at rs 1/unit.the actual prodution is 920 unit , find the abnormal gain?
Audit 
