TMI BlogHow to compute the total tax liability?X X X X Extracts X X X X X X X X Extracts X X X X ..... g the manner of computation of the total tax liability of the taxpayer. Computation of total income and tax liability for the year Particulars Amount Income from salary XXXXX Income from house property XXXXX Profits and gains of business or profession ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ( XXXXX ) Tax Liability After Rebate XXXXX Add: Surcharge (discussed in later FAQ) XXXXX Tax Liability After Surcharge XXXXX Add: Health Education cess @ 4% on tax liability after surcharge XXXXX Tax liabil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... employee in respect of sum received towards arrears of salary, gratuity, etc. Rebate under sections 90 , 90A and 91 is available to a taxpayer in respect of double taxed income, i.e., income which is taxed in India as well as abroad. Note : For provisions relating to Minimum Alternate Tax (MAT) in case of corporate taxpayers and Alternate Minimum Tax (AMT) in case of non- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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