Comments on: Income Tax Calculator 2008-2009

By: Federal Tax Extension

Federal Tax Extension — Wed, 31 Mar 2010 09:04:58 +0000

Good article regarding Tax Return calculator and i think it’s a really useful for US people and people are looking for free tax return calculator.

By: vijay

vijay — Sun, 14 Mar 2010 17:20:03 +0000

dear sir my mother is a retired employee age 62 years and total income 140000 coming from bank deposits.she submitted returns when she was in job.for last two years she did not submit any returns.IS is cumpulsary to submit returns.

By: Deb

Deb — Sat, 13 Mar 2010 11:12:10 +0000

I want to get relief under section 89(1) by showing my this years arrear into previous year. While calculating, a question has arised. While calculating Tax without taking the arrera into account, whether the differential P tax and P.F. of the arrear to be deducted from Gross or not.
Tax with Arrear: Gross (12month’s Salary) + Gross Arrear – P.Tax (arrear) – P Tax (12month’s salary) – 80C savings – std Deduction.

Tax without arrear:
Method A
Gross (12month’s Salary) – P.Tax (arrear) – P Tax (12month’s salary) – 80C savings – std Deduction
Method B
Gross (12month’s Salary) – P Tax (12month’s salary) – 80C savings – std Deduction

I want to know Method A or Method B whichever is correct.
Please help me with yu rvaluable suggestions.

By: love kumar

love kumar — Mon, 15 Feb 2010 05:01:10 +0000

SEEMA :Please let me know what is the age limit for senior citizen : 60 or 65 years

65 years

By: love kumar

love kumar — Mon, 15 Feb 2010 05:00:10 +0000

65 years@SEEMA

By: shanu

shanu — Sat, 05 Sep 2009 08:39:37 +0000

sir, give me website of income tax department(foreign exchange) at Delhi for seeing file status. Urgent reply needed.

By: KK

KK — Thu, 16 Jul 2009 04:44:23 +0000

I have an annual income of more than 8 lakhs. I have earned a bank interest of Rs.40000 on my deposits. What is the amount that I have to pay on that as self assessment tax?

By: Rohit

Rohit — Fri, 19 Jun 2009 11:48:41 +0000

I think he/she should be considered as a Senior Citizen, as at the time of the tax submission, the person is of 65 years age. But please confirm it with a taxation expert.

By: Naresh

Naresh — Fri, 19 Jun 2009 10:53:09 +0000

Hi,
A person is born on 25/04/1944. Is he considered as a Senior Citizen for filing of Income Tax returns for the assessment year 2009-10?

By: Rama

Rama — Thu, 11 Jun 2009 05:18:37 +0000

Sir

For above for 1026000/- lakhs income, income tax for 2008-09 is 241347, i want to know that there is a magrinal relief for above income & as per that tax will be RS. 238650/. is it right? & show how to calculate