• Efiling

sir, My total income is Rs 7,52,289
Rs 1,32,929 + 6,289 (Housing loan interest for FY + LIC premium) + Std amount Rs 2,50,000 must be deducted from the above total income , So is it correct ...??????
And finally the net taxable income is 3,62,962 and tax to be paid is Rs 36,296.....???
Rs 35,781 tax already paid as TDS (form 16). 

So finally I have to pay only Rs 530 including education cess 3% ..? Is the whole calculation correct sir ..?
Thank you
Asked 9 years ago in Income Tax

Please state detailed working.

Vijay N. Kale
CA, Hyderabad
248 Answers
13 Consultations

already answered

Shyam Sunder Modani
CA, Hyderabad
1409 Answers
164 Consultations

No. you will also be taxed at 20% for some portion of income.

Shashank Surana
CA, Chennai
60 Answers
5 Consultations

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