And If my Income is 300000 p.a., so what tax I have to be
deposit,explain with the method of tax calculation in
detailed?

Answer Posted / parul

300000
-160000
140000@of 10%
= answer is 14000
+ 2% education tax Rs. 280
+ 1% hig.education tax Rs.140

Is This Answer Correct ?    9 Yes 5 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to make fdr entry in tally software i dont understand. when fdr open from bank and after work and interest it get closed. i want to understand how to make ledger of that and full details please help me

1633


what data require for liability calculation under work contract tax composition scheme and regular method.

1660


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

1752


Suppose there is a computer Inst. providing a course abc and the total fees for it is Rs.10000 per annum, now this institute gives the right to another institute to provide facility of that course on behalf of it and the fees amt. is bifercated to Regd. fees Rs. 2500, Exam fees Rs.500 and tution fees Rs.7000,now the former institute gives right to later ins. to take Rs.7000 and says that the amt. of regd. fees and Exam fees i.e Rs. 3000 must be given to it plus service tax, now we have to save the former ins. from paying service tax on Amt. 3000, how can we do this?

1399


Who is to paid income tax and what is the procedure of filling income tax return?

1546






How many types of vat categoryplease tell me all type of vat categories..............

1769


We have wrongly used road permit of other party in consignment to kolkatta.The road permit used is the party from Kolkatta.How to resolve the issue ??

1669


Who advance tax is the asset for company? What are the accounting entries of advance income tax

1411


what is rate of different service tax in haryana

1327


OUR CO. ACCEPT SODEXO COUPONS FORM CUSTOMERS; WHEN WE SUBMIT COUPONS FOR REIMBURSEMENT TO SODEXO THEY DEDUCT SERVICE CHGS AND S. TAX AND PAY BALANCE AMOUNT, DOSE IT ATTRACT TDS?

2406


Sir please confirm job work sale for clothes shat d1 yes & no

1299


i wanna p.y tax assistant exam question paper Please send this as earlier as.

1643


Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change

1616


Rules for filling Income Tax return for an Individual ?

1505


WHEN FORM VAT R-2 USE?

1636