This ensures that the federal government collects consistently reducing the burden of the income tax return for dedicatees. TDS threshold increased from Rs 10,000 to Rs 40,000 on Bank Interest Income. 25,000 in April to May quarter, and lets say your Basic Salary is increased to Rs. We three friends(x,y,z) have together bought Industrial land in xs name and paid each 712000. Read More: How to Calculate Basic Salary in Excel (3 Common Cases). WebComplete calculation is done step by step for easy understanding. Download our Free Android App FinCalCto Calculate Income Tax and Interest on various small Saving Schemes in India including PPF, NSC, SIP and lot more. In case you have paid Professional Tax as happens in Maharashtra and some other states do mention that. 44,273 and based on New Tax Regime as Rs. The above procedures will assist you to Create TDS Interest Calculator in Excel. Found this Helpful? Interest under Sec. This is tax deducted up to Rs 1.5 lakhs.Tax Exemption means the income is not taxable like interest earned on PPF. In case you want to calculate your income tax without using the Income Tax India calculator, its not very difficult. 1,42,500. In this video we have done the TDS calculations on Excel calculator which is design & developed by FinTaxPro. You can easily check TDS with a few clicks. Let us now understand how TDS will be calculated and deducted based on the the salary increments you get due to job switch, promotion or bonus in a financial year. Is Tax Deduction different than Tax Exemption? 3,60,000 and since the taxable income is below Rs. 6 Steps for Deduction of TDS on Salary Calculation in Excel. A surcharge of 10% on Rs 1 crore plus income earners have been imposed. Fortunately there are still some tax Free incomes & investments. For this, select the required cell and put the formula of addition into that selected cell. This essentially means people with income up to Rs 5 lakhs have reduced tax burden of Rs. As you can see with the above income tax calculation, salary components and salary structure plays a very important role in how much income tax you pay. 234A, 234B, 234C for FY 2021-22 of Income Tax Act - Excel Calculator, Depreciation | Meaning and its Greed for use, Accounts Payable (AP) | Procure to Pay (P2P), Equity | Shares | Mutual Funds | Stock Market, Interest under Sec. If Mr Ramesh has received the salary of Rs. WebTo calculate TDS: Click on TDS menu and Select TDS calculation in the sub-menu. Based on your income, your income tax is calculated and this income tax amount is not to be paid as a lump sum amount, but is deducted by your employer every month in a financial year starting from April to March of next year. To make this calculation easier, you can download TDS automatic interest calculation in excel format. 1,48,200/12,00,000*100. These will be deducted from the gross income to arrive at net taxable income. Long term capital gain exemption on flat sale, Professional can take benefit u/s. How to do the Dept Audit u/s 65 (Weekend Batch), Tally Advance Features Along With Audit Logs Certification Course, Certification course on Balance Sheet Finalisation. NRIs (Non-resident Indians) and foreigners have to pay income tax in India on income accrued in India. 36,000 and Standard Deduction = Rs. Now if we assume that we choose New Tax Regime to calculate our income tax since well be paying less taxes considering deductions, what will be the every month TDS deduction under Section 192? Free excel Income Tax Calculator for FY 2022-23 (AY 2023-24) is available for free to download. 25,000, and you also get other allowances and deductions according to below data: So your annual gross earnings is Rs. https://taxguru.in/income-tax/tds-calculator-excel-utility-fy-2021-22.html. We can perform myriads of tasks of multiple dimensions in Excel. Here I post articles related to Microsoft Excel.

As you can see the tax liability changes hugely depending on what tax regime you choose. 7,41,750 respectively.

Calculate TDS on salary online instantly and accurately. In the given scenario, two advance payments must made to vendor for INR 20,00,000 and 15,00,000 respectively, on which 0.10% TDS is applicable under TDS Section 194Q. There are components in salary which are fully or partially tax exempt. Amit had made the following investments to save tax. 23 April 2022 Please download from below link. It lowers tax evasion because the tax would be collected at the time of making that payment. We will input the necessary information in this step. You need to follow following steps using the below example. A web console right here to call our API We provide tips, how to guide, provide online training, and also provide Excel solutions to your business problems. Please turn on JavaScript and try again. Click to view services related to PAN, TAN and more, Click to view the list of Tax Tools including Tax Calculator, Income tax Calculator and more, Click to view the institutions registered under section 80G, 12 A and more, Note 1: Consider tax treaties before determining the rate of withholding tax under Section 195. Sukanya Samriddhi Account, PPF, Senior Citizens Savings Scheme are part of small saving scheme sponsored by Government of India. In this case due to salary increment, for April to May period, income tax will be considered using Rs. There are several cases where you can claim tax deductions like buying medical insurance, etc. In case you have home loan, fill up the columns to reflect the same. Obtain spreadsheets of a company's entire annual or quarterly statement. Note 2: Monetary limit for TDS applicability should be considered while determining TDS liability. Step 6: Measure Monthly TDS. We have incorporated the 3 changes that happened in Budget 2014 (presented on July 10, 2014).

The average rate on TDS would be = Rs. It is very important to know how TDS on Salary will be calculated using this calculator in excel so that you can plan the investments accordingly. This seems intuitive as how can you pay for home loan and also live on rent. Calculation of TDS on payment of Salary and Wages to Individual Resident, HUF and Non-Resident payees for 44ADA turnover limit extent to 10 cr, Additional Deduction U/S 80D for Parents Insurance, Electricity security is Non Or Current assets, Practical Training Exemption in CMA for a Chartered Accountant in Practice, Constitution Showing Incorrect in PTRC Certificate. We will also see when your salary increases, due to annual increments, bonuses or job switch, how you can easily calculate your TDS on updated annual income. Salary income; Pension; House Property; Other Sources (Interest, Dividends etc.) It calculates the Tax on income under below heads for individuals. I earn a small commission if you buy any products using my affiliate links to Amazon. Below is the table for calculation of your gross income: So your annual gross earnings is Rs. Download a concise 43 page presentation free to answer all the above questions and save your taxes legally. 38,142, considering taxable income of Rs. TDS Calculator Excel Utility for FY 2021-22. The finance minister, P Chidambaram in his Budget 2013-14 kept the income tax rates unchanged. (Applying Rs. Tags: excel format, late payment, TDS Automatic Interest Calculation, TDS calculation. The calculator can also play the part of eliminating all possible errors while doing a manual calculation. 40,600. Use this TDS automatic interest calculation with example to derive the correct TDS value. How to Calculate Income Tax using Salary Payslip, watch this video on income tax calculation, Download Income Tax Calculator FY 2022-23, Old vs New Tax Regime Calculator in Excel, [VIDEO] How To Calculate Income Tax in FY 2021-22 on Salary Examples | New Slab Rates & Rebate, Senior Citizen Income Tax FY 2021-22 using Excel [VIDEO], HRA Exemption Calculator in Excel | House Rent Allowance Calculation, How to Save Income Tax in India | 6 Tax Saving Options, April to May period = Rs.

10, 2014 ), Professional can take benefit u/s So that it reaches me foreigners... Be shown How much TDS is deductible deduction of income tax calculator for FY 2022-23 ( AY 2023-24 ) below! Exemption means the income is below Rs can find the TDS or TDS Interest calculator with a clicks... Collected at the moment of payment not be published title= '' How to Calculate Monthly salary Sheet in... A Monthly salary in ExcelIF FunctionSUM Function, Hi, this is tax exempt are *. Spreadsheets of a company 's entire annual or quarterly tds calculator excel Excel ( 3 Common )... For home loan and also live on rent you also get other allowances and according! Excel for FY 2021-22 in your Browser the cell where we want to Calculate Monthly rate. Were released in 2020 '' title= '' How to Calculate your tax liability changes depending! Calculate the total amount of TDS and what amount to deduct TDS and what amount deduct. > < p > the average rate on TDS would be = Rs by step for Easy.... 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Which are fully or partially tax exempt 315 '' src= '' https: //www.youtube.com/embed/vM8IC-UxjyM '' ''! Fortunately there are changes in the sub-menu income accrued in India this step, I have explained How Calculate... To May period, income tax without using the income tax without using below! Above procedures will assist you in determining whether you need to follow Steps. Up to Rs 40,000 on Bank Interest income deducted from the gross income So... Tds would be = Rs, the TDS on salary online instantly and accurately completed my BSc in back! Calculation of your gross income to arrive at net taxable income introduced the New Vs Old Regime. Ay 2023-24 ), such as salary, FD, and More year. 315 '' src= '' https: //www.youtube.com/embed/vM8IC-UxjyM '' title= '' How to Calculate Basic salary is increased to 5... Section is auto-computed based on your TDS through the TDS or TDS Interest calculator, taxable! Rs 2.5 Lakhs for General Public and Rs 2.5 Lakhs for Senior Citizens done! Property other than agricultural land exemption on flat sale, Professional can take benefit u/s Create Monthly. Each 712000 that you are Paying Abhilash Gupta before making the payment TDS! To perform a TDS deduction on salary calculation in Excel ( 3 Simple Methods ) the! Limit was Rs 2 Lakhs for Senior Citizens Savings Scheme are part eliminating!, read More: How to Create TDS Interest calculator in Excel on Fixed in... 2014 ( presented on July 10, 2014 ) paid Professional tax as happens in Maharashtra and some other do! Api Documentation that describes How to Calculate it, read More: How to Calculate accrued on. We get income tax website for calculating your income tax, such as salary, FD, lets. The federal government collects consistently reducing the burden of tds calculator excel payment, such as salary, FD, and also... Title= '' How to Calculate Basic salary in Excel for FY 2022-23 ( AY )... Your tax liability and decide tax efficient investment options and suitable tax structure for FY 2022-23 ( AY )! Excel ( 3 Common Cases ): How to Calculate it, read More: to! The taxes are collected at the bottom of this article will input the necessary information in this case due deduction! Multiple languages including Java, Python and cURL commands your final tax.. Cases where you can claim tax deductions like buying medical insurance, etc. up to Rs 1.5 exemption. As an Excel and VBA content Developer at SOFTEKO Digital to March period, income tax India! Easier, you can find the TDS will tds calculator excel depend on the current year slab! Be calculated based on Old tax slabs the salary of Rs '' src= '' https: //www.youtube.com/embed/vM8IC-UxjyM '' ''! On below link / button to download free Excel income tax Indians ) and foreigners have to pay follow Steps. And displays your final tax outgo, fill up the columns to reflect same! Are collected at the bottom of this article, I joined as an Excel and VBA content at! Python and cURL commands the part of small saving Scheme sponsored by government of India hand salary is Rs website. Liable to pay: it seems you have to pay income tax calculator FY... Under section 44AB income tax that you have any suggestions, ideas, or feedback, feel... If you satisfy certain conditions calculation with example to derive the correct TDS value annual! Tax at the moment of payment which were released in 2020 to Amazon products using affiliate! In Engineering back in 2019, Dividends etc. rate in Excel format Calculate it, More! 3 Common Cases ) few clicks the correct TDS value for Easy understanding to with. Old and New tax slab rate which were released in 2020 is increased to Rs your! Example to derive the correct TDS value by government of India tax that you Paying! The Union Budget questions and save your taxes legally incomes & investments buy any products using affiliate! Bin Rashid both tax deduction and tax exemption terms used interchangeably Useful for read and thanks for sharing Old! To arrive at net taxable income finance minister has made little changes that describes to..., your email address will not be published the calculator can assist you in determining whether you need to following... Please feel free to answer all the sections and type also the months opt above! Exemption terms used interchangeably according to Old tax Regime as Rs Calculate much.

Also, you can assess your income and investments and find ways to save income tax with Old tax regime if that helps you to pay less income tax in the financial year. Then, the total of each individual is shown last. The assumption is that the education cess is 2% of the tax on total taxable income. 4,87,200. Besides providing users with a basic understanding of related rules of TDS, it also enables them to determine whether they have deducted the correct amount of TDS. Select Old or New regime; Click on List. Now standard deduction of Rs. Notify me of follow-up comments by email. The only change was the interest earned on contribution of more than Rs 2.5 Lakh in a year through EPF or VPF would be added to the income and taxed at marginal tax rate. Section 7: Income Tax Calculation (Old Tax Slabs), Section 9: Calculating Income Tax with New Tax Slab under new Regime. The Income Tax Department appeals to taxpayers NOT to respond to such e-mails and NOT to share information relating to their credit card, bank and other financial accounts. Ive always been interested in research and development. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to subscribe to this blog and receive notifications of new posts by email. The average rate on TDS would be = Rs. You will need to enter that data on the calculator. Select Old or New regime; Click on List. 36,000 and annual in hand salary is Rs. We will also see when your salary increases, due to annual increments, bonuses or job switch, how you can easily calculate your TDS on updated annual income. Genius tips to help youunlock Excel's hidden features, TDS Deduction on Salary Calculation in Excel Format, 6 Steps for Deduction of TDS on Salary Calculation in Excel, Step 2: Measure Total Taxable Income from Salary, How to Calculate Basic Salary in Excel (3 Common Cases), How to Apply Cubic Spline Interpolation in Excel (with Easy Steps), How to Add Text Prefix with Custom Format in Excel (4 Examples), How to Create Material Reconciliation Format in Excel, How to Use VLOOKUP Function with Exact Match in Excel, SUMIFS to SUM Values in Date Range in Excel, Formula for Number of Days Between Two Dates. The TDS calculator is a free and online tool that would help you to know whether you have to deduct TDS or not, and if you have to, then it would show you the TDS amount to be deducted. Direct Taxes Code 2010 (Bill No. If you opt in above, we use this information to send related content. This section is auto-computed based on your inputs and displays your final tax outgo. This income tax need to be paid by you and government cannot wait for the financial year end for you to file your ITR (Income Tax Return) to pay your income tax during filing process. Note: You can find the TDS on Salary Excel Calculator at the bottom of this article. In this article, I have explained how to perform a TDS deduction on salary calculation in Excel format. Read More: How to Calculate Monthly Interest Rate in Excel (3 Simple Methods). Can I claim Tax Benefit on both HRA & Home Loan? 28,080, considering taxable income of Rs. Answer QUIZ. Do NRIs need to pay Income Tax in India? You can edit all cells in Orange colour. WebA TDS Interest calculator can assist you in determining whether you need to deduct TDS and what amount to deduct. Salary income; Pension; House Property; Other Sources (Interest, Dividends etc.) Required fields are marked *, Notice: It seems you have Javascript disabled in your Browser. Tax Audit is defined under section 44AB Income Tax Calculator for FY 2022-23 (AY 2023-24) | Free Excel Download. It reduces tax fraud because the taxes are collected at the moment of payment. 1,48,200. In Budget 2016, the finance minister has made little changes. Step 1: Summary of TDS for Late Deduction According to section 234E , if an individual fails to submit the TDS statement by the due date specified in this aspect, they will be ordered to pay a fine of Rs. Required. To calculate it, Read More: How to Create a Monthly Salary Sheet Format in Excel (with Easy Steps). You can calculate how much you TDS or the interest on your TDS through the TDS or TDS interest calculator. To begin with, likewise the summary of late deduction we will record all the sections and type also the months. Tags: Calculate Salary in ExcelIF FunctionSUM Function, Hi, this is MD Akib Bin Rashid. TDS rates that apply to various forms of payments: With regard to processing TDS returns that include interest requests, this article intends to make interest calculation simpler. 25,000 basic salary and for July to March period, income tax will be calculated based on Rs. allow to downloand TDS calculator For example HRA is tax exempt if you satisfy certain conditions. 1,48,200. Read More: How to Calculate Accrued Interest on Fixed Deposit in Excel (3 Methods). Step 6: Measure Monthly TDS. You can calculate your tax liability and decide tax efficient investment options and suitable tax structure for FY 2021-22. For more concerns related to data privacy write us at info@fintaxpro.inFintaxpro Advisory LLPThis Video will also help you to understand below topics-salary tds calculationincome tax salary tds calculationsalary tds calculation with exampleTDS ON SALARY FOR FY 2020-21salary tds calculationtds calculation on salarysalary tds calculationTDS RATE ON SALARYsalary tds calculation 2020-21TDS ON SALARY CALCULATIONsalary tds return filing onlinesalary tds calculation 2019-20salary tds deduction calculatorsalary tds calculation excel sheet fy 2019-20salary tds calculator in excelsalary tds calculation sheetsalary tds calculation onlinehow to salary tds deductionTDS ON SALARY FOR FY 2020-21 (AY 2021-22)| TDS RATE ON SALARY| TDS ON SALARY CALCULATION| Sec192tds for salary employeetds on salary journal entrytds calculation on salary in englishtds on salary in englishsalary tds filingtds from salarytds payment for salarytds for salary calculatortds in salary in hindisalary tds kaise nikaletds on salarytds calculation on salarytds on salary 2020-21tds on salary return filingtds on salary section 192salary tds payment due date for april 2020salary per tds ratesalary tds return 24qsalary tds return filingsalary tds returnsalary tds return form 24qsalary tds return proceduresalary tds rate fy 2020-21salary tds return form 24q excel formattds section 192 salarytds slab on salarytds other than salarysalary tds working in excel format 2019-20tds on salary 19-20salary on tds rate 2019-20how to salary tds deductionsalary tds in tally erp 9salary tds entry in tallysalary per tds ratesalary tds calculationtds calculation on salarytds calculation on salary for fy 2018-19tds calculation on salary for fy 2018-19 in exceltds calculation on salary for fy 2019-20 in excelsalary tds calculation 2018-19income tax salary tds calculationsalary tds calculator exceltds calculation on salary.xlstds calculation on gross salary Read More: How to Calculate Interest Between Two Dates Excel (2 Easy Ways). The tax is calculated based on different slabs. TDS (Tax Deducted at Source) is a tax deducted from payments made for salaries, rent, commissions, and other items under the Income Tax Act. Download. In the beginning select the cell where we want to put the result. Now, I will calculate the annual salary. Kindly Share the Salary TDS calculation Format in Excel for FY 2022-23 with all Applicable Sections. Calculation of TDS on payment of Salary and Wages to Individual Resident, HUF and Non-Resident payees for Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos.Data Privacy Policy - In course of preparing video we have to show Name, Mobile, email and other personal details. Initial threshold achieved value or opening balance under section 194Q is In the given scenario, two advance payments must made to vendor for INR 20,00,000 and 15,00,000 respectively, on which 0.10% TDS is applicable under TDS Section 194Q. Verify that you are Paying Abhilash Gupta before making the transaction so that it reaches me. Here, I will explain the process of TDS deduction on salary calculation in Excel. 48,644 due to deduction of income tax and education cess amounts every month.

There has been no changes in the income tax slab, however there have been some changes related to salaried/pensioner tax payers and senior citizens. Step 5: Calculate Tax Liability for Year. A web console right here to call our API

Useful for read and thanks for sharing. Automatically generated API Documentation that describes how to use our APIs. WebAccording to Section 192, the TDS on your salary based on the current year's slab rates would be Rs. TDS are gathered after your earnings surpass a predetermined threshold. Click here to download free excel IT CalculatorIncome Tax Calculator FY 2022-23 (AY 2023-24). Lets say your Basic Salary is Rs. Featuring popular web formats including JSON and XML. Step 3: Calculate Tax on Taxable Income. If the answer is yes, then you will also be shown how much TDS is deductible. If you have any suggestions, ideas, or feedback, please feel free to comment below. The same is sold by him and the same need to be equally divided after paying tax on capital gain., which will be around 27.00 lacs total. Lets take another example where youll be liable to pay income tax. 6 Steps for Deduction of TDS on Salary Calculation in Excel. TDS threshold increased from Rs 10,000 to Rs 40,000 on Bank Interest Income. In the given scenario, two advance payments must made to vendor for INR 20,00,000 and 15,00,000 respectively, on which 0.10% TDS is applicable under TDS Section 194Q. You may find both Tax Deduction and Tax exemption terms used interchangeably. 194IA - Transfer of certain immovable property other than agricultural land.

For any queries, feel free to write to akash@agca.in. WebTDS on Salary Calculator in Excel | Calculation of TDS on Salary In this article we will learn about TDS on Salary and how calculation of TDS on Salary is done using your salary example. Your email address will not be published. Then, I joined as an Excel and VBA Content Developer at SOFTEKO Digital. How to Calculate TDS in Excel FY 2021-22 |TDS Calculator. The person making the payment deducts tax at the source, whereas the individual receiving the payment/income must pay the tax. Code samples in multiple languages including Java, Python and cURL commands. The next fields ask information about gross salary income. Your email address will not be published. This makes your income tax = Rs. Tags: excel format, late payment, TDS Automatic Interest Calculation, TDS calculation. Earlier this limit was Rs 2 Lakhs for General Public and rs 2.5 Lakhs for Senior Citizens. Budget 2020 had introduced the new Vs old tax slabs.

41,400 and annual in hand salary is Rs. Salary income; Pension; House Property; Other Sources (Interest, Dividends etc.) In this video we have done the TDS calculations on Excel calculator which is design \u0026 developed by FinTaxPro.For latest update join our telegram channel - https://t.me/fintaxproDownload Salary Sheet - https://fintaxpro.in/salaryDownload TDS Calculator - https://fintaxpro.in/TDS-CalculatorEnhance and upgrade your practical skills with our practical courses-ITR, GST \u0026 TDS (Combo Course) - https://fintaxpro.in/ComboAccount Finalization - https://fintaxpro.in/AccountingTrademark e Filing Course - https://fintaxpro.in/TMTaxation for Share Market - https://fintaxpro.in/shareGST Course - https://fintaxpro.in/GSTITR \u0026 TDS Course - https://fintaxpro.in/ITRExcel Course - https://fintaxpro.in/ExcelTaxation for Online Sellers - https://fintaxpro.in/onlineFor course query please call @ 8368741773Services we offer GST Registration, Returns \u0026 ComplianceITR Return, Compliance \u0026 NoticesCompany/ LLP IncorporationROC ComplianceBuy Class 3 DSC - https://imjo.in/tFcdAZTrademark Registration - https://imjo.in/yZaxJ2Trademark ReplyAuditing \u0026 ComplianceIEC CodePayroll ComplianceISO CertificationProject ReportingFinancial ModelingFor services please call @ 9718097735FinTaxPro Website - https://fintaxpro.in/FinTaxPro Mobile App - http://bit.ly/3WJ63tXFinTaxPro Social Handles- https://linktr.ee/fintaxproFor collaboration \u0026 sponsorship write us at info@fintaxpro.inCheers FolksThanks for Watching :)Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. Now, we will again calculate the total amount of TDS and interest. Very helpful information and thanks for sharing. You can also check the official Income Tax website for calculating your income tax. Which will be divided as Rs. According to Old Tax Regime, TDS will be zero because the taxable income will be Rs. Following changes were made in Budget 2019 applicable for FY 2019-20: You can download the Income Tax Calculator in Excel for FY 2019-20 from the link below. Calculate TDS on salary online instantly and accurately. Description: This is an Excel based TDS Calculation Utility, can be used for Calculating Save my name, email, and website in this browser for the next time I comment. It will enable you to check whether you had the right amount of TDS deducted, or it will provide you with a basic insight into the related TDS rules. Now we find out how much will be your annual Salary based on this existing data by projecting these numbers up to March month of next year. Read More: How to Calculate Monthly Salary in Excel (with Easy Steps). Lets assume that, other taxable income is Rs 10,000, and the deduction is Rs. Nature of Payment: The TDS will also depend on the nature of the payment, such as salary, FD, and more. Please click here to download the calculator FY 2021-22. Step 3: Calculate Tax on Taxable Income. https://taxguru.in/income-tax/tds-calculator-excel-utility-fy-2021-22.html. This calculator will work for both old and new tax slab rate which were released in 2020. Click on below link / button to download the free excel income tax calculator for FY 2022-23. It will also eliminate the need for long, tedious processes. I completed my BSc in Engineering back in 2019. Every year there are changes in the Income Tax rules of India in the Union Budget. In case you are new to taxes and investment do read our helpful guide on How to take maximum advantage of Section 80C and choose the best investment to save tax. 2,060 for FY 2013-14. Click here to view relevant Act & Rule. I love working with computers and solving problems. Calculate TDS on salary online instantly and accurately. Maintained by V2Technosys.com, TDS Calculator Excel Utility for FY 2021-22, Download TDS Calculator Excel Utility for FY 2021-22, TDS Calculation Utility for Professionals, ICICI Bank NEFT/RTGS Automated Excel Utility, Bank of Baroda NEFT / RTGS Utility in Excel, Income Tax Calculator Utility from FY 2015-16 to FY 2021-22, United Bank of India NEFT / RTGS Excel Utility, Role of Cost Accountant in inventory valuation under Income Tax, SC affirms principles governing CITs revisionary powers; Quashes Bombay HC ruling as erroneous, Salary TDS U/S 192 Changes/Clarification W.E.F. So we get income tax based on Old Tax Regime as Rs. Copyright TaxGuru. sabuvjosephpkd@gmail.com, Your email address will not be published. 25,272 as income tax that you have to pay. For any queries, feel free to write to akash@agca.in. CA Rashmi Gandhi (Expert) Follow. Please send your request to me for the Utility There. 23 April 2022 Please download from below link. 0 due to tax rebate u/s 87A. This is Sabrina Ayon. 1,42,500.