Comment on Taxation Simplified

Nithin Kamath commented on 26 Apr 2013, 05:41 PM

Sourav,

Your income tax will be on your total income , 635000.

A very interesting tool to calculate taxes on income tax website: http://law.incometaxindia.gov.in/DIT/Xtras/taxcalc.aspx

You need to file ITR4 as you have a trading business(f&o) business and if you are a trader, you can’t file your returns as an investor.

last date for payment of taxes online: 31st March, Even if delayed, you can pay with an interest @1% per month.

Chalan numnber for online tax payment: Use challan 280 for your tax payment and make sure to select the right asessment year. https://onlineservices.tin.nsdl.com/etaxnew/tdsnontds.jsp

Hope this clarifies,

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