Filing income tax returns for the financial year 2012-13

POSTED BY Mohan ON June 20, 2013 10:06 pm ONE COMMENT

Hi,

I want to file my income tax returns for the financial year 2012-13 but i would like to ask that whether i can save anything at the last minute in my tax liability by making any changes

The following information is about my gross income and savings mentioned in my Form 16:

Total gross income: Rs.704801

Savings:

under section 80C (CPF, PPF, GSLIS, LIC premium, Mutual funds): Rs.107416

under section 80E (Interest on Education Loan): Rs.3286

Tax on total income: Rs.48820

Education cess @ 3%: Rs.1465

Tax payable: Rs. 50285

 

 

One reply on this article “Filing income tax returns for the financial year 2012-13”

  1. Dear Mohan, please file your ITR now to avoid penalty. No, there is nothing more you can add here to save tax outgo from the given numbers.

    thanks

    Ashal

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