## how professiopnal tax is calculating and what is rate of tax applicable for different levels of wages/salaries

different categories of people paying professinal tax and how it is calculating ?and what is the period of payment?

## What is the rule for calculating Interest on tax to be paid ?

I have 2 form 16 for last year. So after calculating combined income from both organisations, i need to pay near about 70K additionally. So will i be charged interest for the income and if so what is the calculation to find out the tax interest to be paid and rate of interest ?

## What is the calculating structure of Capital tax in Share market?

Dear friends,

I’m new in share market, Kindly advice me the capital income structure in step by step that means everybody saying that tax is calculating step by step like from 1.5 lack to 2.5 10% and from this to other amount, it is difrent calculation So please tell me the structure till 10 lack of gain…….

Regards
rizwan.

## Doubt in calculating Mutual Fund Dividends?

I have 1000 units of Reliance Diversified Power Sector MF. Current NAV is Rs.50 . On 17-Aug-2007, this MF has declared a Dividend of 30%. Will the Dividend be calculated on the Face Value of the MF (which is Rs 10) or on the Latest NAV of the MF (which is Rs 50) ? In other words, will I get 30% of 10000 or 30% of 50000 as dividend ? Please advice.

## This is regarding calculating Income Tax on Income earned between 01-04-2008 & 31.03.2009 ie AY 2009-2010?

My Father in Law has received following Income between 01.04.2008 & 31.03.2009.

He is Not a Senior Citizen & has no other Income

Salary : INR 4,26,420.00

Value of Perks u/s 17(2): INR 3,537.00

Investments Qualifying under
Sec 80 C ie (PF+PPF+LIC Prem) INR 1,14,610.00

Payments qualifying under
Sec 80 D INR 5,052.00

Interest Income INR 2,47,364.00

Dividends on Shares INR 82,000.00

Pls advise his Tax Liability showing how it was calculated

## Do banks deduct tax while calculating the maturity amount on fixed deposit?

This question pertains to 5 yr bank fixed deposit.

## Do banks deduct tax while calculating the maturity amount on fixed deposit?

This question pertains to 5 yr bank fixed deposit.