how income tax calculated if annual aanual incum is 1,07,000 Rs?
362442
If Assessee is Male(not a senior citizen) taxliability is \n  I     1,00,000/-    not taxable.\n  II      7000/-      taxable@10% and Education cess @2%  \n Total  700+14 = 714\n\nIf Assesee is Woman(not a senior citizen)  no tax \nAs exemtion available upto 135000/-\n\nIf Assessee is senior citizen        no tax\n\nAs exemption available upto 150000/-
558456
Just going by the information provided you will need to pay only Rs. 300/- as tax. With further information like, your age, any savings that you might have done, nature of the Income of Rs. 138000/- (Whether salary or business etc.), i can help you more in computing the exact liability.
96090
It depends on your taxable income
705322
Try searching here  http://www.allindiantaxes.com/
1110265
Online filing through http://incometaxindiaefiling.gov.in/ is still not available.\n\nBut NSDL do accept the return as an e-intermediatery and charges Rs. 100/- per return. \n\nFor help in computation/preparation of IT return, this is not the correct forum. Please get in touch with Chartered Accountant/Tax Consultant.\n\nCA. Deepak Bholusaria
934411
Interest: \nEvery year you can deduct up to Rs.1,50,000/- from your income.  In your case this deduction will become Rs.1710*12= Rs. 20,520/- \n\nRepayment of Principal: Rs.2708*12=Rs.33,684/- (This is 80C deduction)\n\nMax. Rs.1,00,000 per year including other 80C deductions like purchase of NSC, Payment of LIC premiums, children school fee.
444750
I'm not sure of which language u are using but I'll give you an alogorithm(that is logic in simple lang) hopefully u can convert it to ur need.\n\n1: U r on the right track. Taking 55 as speed limit\n\nFunction Radar(takes userinput)\n{\n   if(userinput< 55)\n     print "under limit"\n   else if(userinput=55)\n     print "at limit"\n   else if(userinput>55)\n     print "over limit"\n}\n\ndont user AND ... it is wrong in the logic.\n\n\n2:\n\nFunction Tax(grosspay=User's Input)\n{\n   if(grosspay<=240)\n     tax=0\n   else if(grosspay>240 and grosspay<=480)\n     tax=grosspay * 0.15\n   else if(grosspay>480)\n     tax=grosspay * 0.28\n\n   print tax\n\n}\n\nHopefully u'll be able to convert it to ur required language\n}
107387
If you itemize deductions it's 1040. If you just use standard deductions its 1040A
896191
IT DEPENDS ON THE RATE US$ IN THE MARKET AND IT IS DAILY CHANGING.  IN THESE DAYS IT IS 1 US$= RS47/- APPROXIMATELY NOW YOU CAN CALCULATE THE RATE OF RS.3000/=
32314
It's taxable income.  How much you pay in taxes depends on your tax bracket (the percentage of tax you pay on your last dollar earned).\n\nIf that's all you made that year, the standard deduction and personal exemption would offset it, and there would be no federal taxes.  If you have other earnings though, there's no way to tell how much you'd play in tax without knowing your actual numbers.
771176
Income upto Rs.100000 was exempt from tax .Remaining 110000 we can deduct portion of educational loan repaid.For eg if u reapaid rs.50000 then u can deduct 50000 from rs.110000 if u didn't repaid any amount then u cannot claim.\nAfter deducting the portion of educational loan tax amount is calculated as\nFor first 50000@10%\nFor next 100000@20%\nFor remaining amount @30%
487640
Awww, without a GST?\n\n(tgt alt)-(unit alt) = VI\n(VI/RNG)x1.0186 = angle SI\nabsolute value of angle SI x CSF = CAS\nangle SI + CAS = SI
152447
Up to 1 Lakh  Nil\n1 to 1.5 Lakhs            10%\n1.5 to 2.5 Lakhs          20%\n2.5 to 10 Lakhs           30%\nAbove 10 Lakhs            33%\nEducation Cess 2% on all\nExemption on specific Investments upto Rs. 1 Lakh  .
902138
For the Assessment Year 2006/2007\n\nFor Individuals\nUpto 1Lac                                         No tax\n1Lac to 1.5Lac                                  10%\n1.5lacto2.5lac                                    20%\n2.5lac and above                               30%\nIf the income exceeds above 10 lac  then surcharge of 2% \nand also the education cess on the taxpayble is 2%\nThere is a marginal Relief applicable in the surcharge \n\nFor womens\nUpto1.35lacs                                      No Tax\n1.35lacs to 1.5Lacs                            10%\n1.5Lacs to 2.5 Lacs                            20%\nAbove2.5 Lacs                                    30%\nSurcharge and the education cess are the same as above\n\nFor the Senior Citizens\nUpto1.85lacs                                       No Tax\n1.85Lacsto2.5lacs                               20%\nAbove 2.5lacs                                      30%\nCess and Surcarge same as above
655862
Profit on each shares (respectively)=(12/100)*8000 + (8/100)*10,000=960 + 800 =Rs 1760\nLoss on each shares while he sells= Rs[ .02*8000 + .03 *10000]= rs (160 + 300)=Rs 460\n\nTotal Earnings= Rs (1760-460)= Rs1300
578488
The formula is 1/R * ((1+R)^n - 1)\n\nThere is a link to a table.\n\nA ROTH IRA is pretty easy because your Future money is tax free.
723476
(Jackpot - tax)/25 = annuity\nJackpot/2-tax = lump sum\n\nfor example, jackpot is $4,000,000 and tax rate is 30% then\n(4000000-4000000x30/100)/25 = 4000000x.70/25=$112000 per year for 25 years.\nOr...\n4000000/2-4000000/2x30/100 = 2000000x.70=$1400000 lump sum.