About advice on income tax
2 years ago
My father is a post office employee and he has basic pay of ₹66000 (monthly)
DA of ₹18480
HRA of ₹5940 non metro city
TA of ₹1800
In which contribution to GPF is ₹12000
PLI of ₹2229
He had paid income tax of ₹8241
My question is that is my father paying too much tax which is almost 99000 annually.
Please sir advice me.
Ayantika Mondal @ Prime Legal
Responded 2 years ago
A.Hi,
You can refer to the government notifications to get the detail of the income tax to be paid in a year. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income-tax shall be charged for the corresponding assessment year at the rates laid down by the Finance Act for that assessment year.
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You can refer to the government notifications to get the detail of the income tax to be paid in a year. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income-tax shall be charged for the corresponding assessment year at the rates laid down by the Finance Act for that assessment year.
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A.Hi,
Income tax is an annual tax on income. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income-tax shall be charged for the corresponding assessment year at the rates laid down by the
Finance Act for that assessment year. You can check the government notification to get details of the tax fixed.
Please rate my answer
Thank You
Income tax is an annual tax on income. The Indian Income Tax Act (Section 4) provides that in respect of the total income of the previous year of every person, income-tax shall be charged for the corresponding assessment year at the rates laid down by the
Finance Act for that assessment year. You can check the government notification to get details of the tax fixed.
Please rate my answer
Thank You
Helpful
Helpful
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