Calculation of income tax is done after set off losses of last year if we want to compare the same with mat calculation for company as per IT act of India ?
Hi, I was not able to present the investment proofs in my previous organization when I quit (in Dec last year) and so in the final settlement they deducted lot of tax. How can I claim it back now ? In the new organization, I can only get the benefit on the investments made under 80C/CCC but not on HRA paid during the stay in my previous company.
I have taken NSC for Rs.55000 3 years back. I have not showed the interest earned for income tax calculation. So, at the end of 6 yrs, when i get the money back, do i need to pay tax for the interest earned.