Please Help: income tax
Posted Date : 21-Jul-2011 , 04:00:01 pm | Posted By Umesh
I worked in two companies during 2010-11 & earned Rs.468878.00 (before savings) after all saving (LIC, PF, Interest to bank againsy home loan etc) my total earnings is Rs. 327811 (before tax slab). As per my instruction, both organizations did not deducted TDS during 2010-11. kindly advise how much IT i will have to deposit in bank. Is there any interest applicable on the same. If yes then advise total amount.
Category : Income Tax | Answers : 0 | Comments : 1 | Hits : 420
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CA VIPIN GARG
22-Jul-2011 , 09:13:30 amDear Umesh Ji, Your Tax liability (including cess) comes out to be Rs. 17284.53 and your interest liability comes out to be Rs. 1676.60 (i.e. Rs. 985.22 u/s 234B and Rs. 691.38 u/s 234C). So in total you need to deposite the challan of Rs. 18962.00. Hope you will find your answer and have a nice day.....