Education and Career Forum

plz give the solution of practical problems of five heads of income tax

income from salary 820000, HP-40000, business loss 180000, compute total income.

sir i have four taxi and do the business of taxi service and i filed my income tax return AY 2012-13 280,000 after deduction my intt on car loan which i have paid 200000 and my total instalement is RS. 480000 in vehicle loan.when i went to bank for finance the bank manager was saying ur income is very less bcs u r paying 480000 and ur itax return is 280000, sir i want to solution then how i satisfied branch manager .bcs i was saying i already deduction in depreciation in my vehicle which is approx 290000 that is my indirect income. so pls can u suggest me m i right ?

what is perqusite

Dr.s.p.Gupta is working in state university of up in grade of Rs. 15600-Rs.37400since1stjanuary2011..His basic salary along with grade pay I.e.'Rs.6000) isRs.22250 p.m of1st July 2011The due date of aanual increment@3%is in July every year