Income tax payment

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  1. amanuzer

    amanuzer New Member

    My query is for
    eg. Services 10000
    S.Tax 1500
    net collected 11500
    Now I want to know whether I have to pay income tax on 10000 or on 11500. On which amount Income tax is to be calculated.
  2. ZED

    ZED Well-Known Member

    The amount of service tax is not an income. You will get deduction for the taxed paid u/s 43B subject to the terms and conditions mentioned therein. The most important being , tax should have been paid before filing the return of income.
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