Venkat Reddy (Service) 09 February 2009
I am in 30% tax slab out of my salary income for FY06-07. I don't know that I need to show bank savings bank interest. It is Rs 1472. How much is my tax I am yet to pay by filing Revised IT.
30% of 1472 + 2% of 1472 for Educational Cess + Any other tax?
S K R P GUPTA (ADVOCATE & TAX CONSULTANTS) 10 February 2009
dear sir
since you are under 30% slab rate of income tax, it is required to declare all the taxable income that you earned either received or accrued dueign the financial year, and hence you are required to declare your saving bank interest also and pay Icnome Tax and education cess @ 3%
A V Vishal (Advocate) 12 February 2009
Dear Venkat reddy:
I suggest you ignore the amount since it is small. I don't advise you to file a revised return of Income
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