About tax calculation

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  1. Rupendragarg

    Rupendragarg New Member

    When a man is pensioner nd rcvd pension rs. 22000/- monthly.
    Nd also rcvd short term capital gain of rs. 700000/- by selling house property then what is the total tax payable for him?
     
  2. sai tejesh(ca.final)

    sai tejesh(ca.final) Active Member

    Annual pension - Rs.264000.00
    short term capital gain - Rs.700000.00
    Total income - RS.964000.00
    Net Total income for tax. - Rs.664000.00
    (964000-300000)
    Tax payable @ 15% u/s 111a - Rs.99600.00
    Add : E.cess @ 3% - Rs.2988.00
    Tax payable - Rs.102590.00
     
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