Male Rs.287640, Female Rs.284070 & Male/Female >65 years Rs.275400. The said tax is excluding interest u/s 234c & b (Non payment of advance tax in time). And also your capital gains are treated as other than transaction tax paid shares.
Your income is calculated with the help of Taxmann's Tax Computation CD supplied along with the Tax ready reckoner.
2006-07-11 07:10:22
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answer #1
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answered by Anonymous
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There is many things unanswered:
1. Your sex
2. Your residential status
3. Short term capital gain from securities or not
4. Your other income.
5. Your investments
But assuming that you are male, resident.capital gain not from securities & other income are not related to casual income 7 you have made savings of 100000/- u/s 80CCC your tax will be:
Tax 2, 22,960
Surcharge 22.296
Total 2,52,560
Education cess 5,051
Total Tax 2,57,611
2006-07-11 07:40:59
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answer #2
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answered by coolbuddy 2
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For Resident Individual- Rs. 2,87,640.00
For Resident Individual Woman- Rs. 2,84,070.00
For Resident Senior Citizen- Rs. 2,75,400.00
Short term capital income is chargeable to tax according to your normal slab rate as it is clubbed with your other normal income.
2006-07-11 04:50:12
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answer #3
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answered by raj_batra81 2
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For male resident = Rs.290752/-
For female resident = Rs.282222.2/-
However if you have invested in any tax saving instrument then it shall reduce your tax liability.
if you want some tax relief contact me at agarwalapurav@yahoo.co.in
2006-07-11 05:39:30
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answer #4
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answered by apurav a 3
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