Computation of Relief u/s 89 of Mr. Suraj for P.

Y 2023-24

Tax Liability for

Tax liability for F.Y 23-24 F.Y 23-24 excl.
Tax liability for F.Y 22- Tax liability for F.Y
Particulars incl. arrears arrears
23 incl. arrears 22-23 excl. arrears RELIEF U/S 89
600000+300000=90000
Total Income 150000+300000=1800000 1500000 0 600000
STEP-1 STEP-2 STEP-3 STEP-4
Income Tax 366600 273000 96200 33800
Step-5: STEP1-STEP2 93600
Step-6: STEP3-STEP-4 62400
STEP7: RELIEF U/S 89:
STEP5-STEP6 31200
STEP-1 Amount rate % Tax
upto Rs.250000 0 0
Rs.250000-500000 5% 12500
Rs.500000-1000000 20% 100000
Rs.1000000-1800000 30% 240000
Tax before cess 352500
Add: Cess @4% 14100
Total tax liability 366600
STEP-2 Amount rate % Tax
upto Rs.250000 0 0
Rs.250000-500000 5% 12500
Rs.500000-1000000 20% 100000
Rs.1000000-1500000 30% 150000
Tax before cess 262500
Add: Cess @4% 10500
Total tax liability 273000
STEP-3 Amount rate % Tax
upto Rs.250000 0 0
Rs.250000-500000 5% 12500
Rs.500000-900000 20% 80000
Tax before cess 92500
Add: Cess @4% 3700
Total tax liability 96200
STEP-4 Amount rate % Tax
upto Rs.250000 0 0
Rs.250000-500000 5% 12500
Rs.500000-600000 20% 20000
Tax before cess 32500
Add: Cess @4% 1300
Total tax liability 33800
 Computation of Tax Liabiity of Mr. Sunil for P.Y 2023-24
Particulars Amount(rs.) Amount(rs.)
Income from salary 285000
Income from House Property
Annual Value of Let out 60000
less: STD Ded 30% 18000 42000
Income from Profession 50000

Income from other sources

lottery income 50000
A- Gross Total income 427000
less: Deduction under VI-A
i-Deduction u/s 80C LIC Premium 10000
ii Ded u/s 80CCC Cont. to lic annuity 12000
iii Ded u/s 80D Med. Ins. Premium 5000
B- Total deduction 27000
C- Net Taxable Income 400000
Tax on Total Income for P.Y 2023-24
Amount rate % Tax
upto Rs.250000 0 0
Rs.250000-400000 5% 7500

Tax before cess 7500

Add: Cess @4% 300
tax liability before rebate 7800
less: rebate u/s 87A 7800
Tax liabilty 0
 Computation of Advance Tax Payable by Mr. Rahul for P.Y 2023-24
Particulars Amount(rs.) Amount(rs.)
Income from House Property
Rent Received 100000
less: Std. Ded 30% 30000 70000
Income from Profession 712500

Income from other sources

Dividend from X ltd 10000
Total Income 792500

Tax on Total Income for P.Y 2023-24

Amount rate % Tax
upto Rs.250000 0 0
Rs.250000-500000 5% 12500
Rs.500000-792500 20% 58500
Tax before cess 71000
Add: Cess @4% 2840
Total tax liability 73840
Calculation of Advance Tax Payable for A.Y 2024-25
Due Date Rate% Advance Tax liability Adv Tax to be paid
15th June 15% 11076 11076
15th Sep 45% 33228 22152
15th Dec 75% 55380 22152
15th March 100% 73840 18460
73840