Plz help me....for tax?

Question

m goverment sarvant. My income sources are sahre trading, salary, and mutual fund divident. in finacial year, my short term gain is negative in share trading

if my total income

(1).from salary:160000

(2).from share:-5000

(3).divident:1000.

(4).Interast:300.

(5). my saving is 18000 under 80c.

than what is my total taxable income?

what ITR from i should fill for tax return.

thanks

Answer 1

Check here

http://india.gov.in/spotlight/spotlight....

visit http://india.gov.in for more info

Answer 2

please refer to www.taxmann.com

Answer 3

Your Net Taxable Income will be about Rs.89,220/- and the Tax payable for this amount is NIL. no need to pay any Tax please File a NIL return in SARAL for fixing the details of your income and saving in the respective column and sign it also please fill you PAN No. and deposit it in the nearest IT circle ( salary) and get acknowledgement.

Answer 4

Download the ITR2 form from https://incometaxindiaefiling.gov.in/por...

Based on entry there, your taxable income is 142300 for which the tax comes to 3230 and education cess comes to 97; in effect 3327 is your liability

Answer 5

Hi Dear,

1.if it is a share income by sale of share, it will be come under one of the following head Long term gain (more than 1 year) or shaort term gain (less than one year) -  Rs. 5000

2 Divident is fully exempted

3 interest comest in the head of - income from other sources.

Total - 160,000 + If shorg term gain (5000) otherwise leave it + divident  nil + 300 + 18000 = 183,300  - 18000 = 165300

Your taxable income  55300 * 20% = 11060

Hope this is helpgul to you

Bye