IndigoLearn

Forums

Total income

Total income is 5,60,000 not opted under section 115 BAC I got answer 25,480 But icai answer is 22,880

Attachments

IMG-20210401-WA0000.jpeg


ABDUL BASIL

ABDUL BASIL

CA Inter

0

01-Apr-21 08:36

48

Answers (8)

Best Answer

Mr saral - senior citizen So basic exemption upto 3 lakh

0 - 3,00,000 0% Nil 3,00,001 to 5,00,000 5% 10000 5,00,001 to 5,60,000 20% 12000 Total Tax 22000 Surcharge N/A 0 HEC 4% 880 Total Tax liability 22880


sudha reddy

sudha reddy

Moderator

01-Apr-21 11:19

Tax computation?


ABDUL BASIL

ABDUL BASIL

CA Inter

0

01-Apr-21 08:37

Tax computation?

Icai answer is correct


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

01-Apr-21 09:33

Tax computation?

Mr saral - senior citizen So basic exemption upto 3 lakh


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

01-Apr-21 09:35

Tax computation?

Calculation

Attachments

a2727914-27a4-443d-978e-bc5eb1317ea5.jpg


Nagesh S Hegde

Nagesh S Hegde

CA Inter

11K+

02-Apr-21 20:15

But Is the person need to be a senior citizen ie attain 60 on previous year itself or not ?


ABDUL BASIL

ABDUL BASIL

CA Inter

0

04-Apr-21 08:31

But Is the person need to be a senior citizen ie attain 60 on previous year itself or not ?

If a person attain 60yrs of age on 1st day of april,then it is considered as he attains that age on 31st march of the previous year.


Nagesh S Hegde

Nagesh S Hegde

CA Inter

11K+

04-Apr-21 09:39

IL Pass percentages
Quote
Tally Free
Hiring
Refer
EMI
Lazypay
Past_Exams