Find 200% Penalty Calculation on Deposit Money in Bank.[ 2.5 Lac to 100 Lac Deposit ]

People are affraid about to deposit money in bank as they feel like to be panalized from indian government for having large amount of money deposit in financial deposit places. Need not to worry, if your paying tax regularly.

Bellow we have given some 200% penalty calculation list for 5 Lac, 10 Lac, 20 Lac, 30 lac, 40 lac, 50 Lac and 100 Lac. The calculation is based on assumption of 200% Penalty which government has announced.

Feel free to deposite money in bank 2.5 Lakhs is Exemption, which means there is no tax on depositing 2.5 Lac in Single bank Account with Pan Number.

No Need to Pay Tax, The Amount 2.5 lac is tax Free.

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Read : Procedure To Exchange Rs 500 And Rs 1000 Note With Rs 2000 Issued From Bank

Find All 200% Penalty Calculation on Deposit Money in Bank Accounts

  1. Calculate 200% Penalty on deposit of 2 Lakhs to 2.5 lakhs
  2. Calculate 200% Penalty on deposit of 5 Lakhs Deposit
  3. Calculate 200% Penalty on deposit of 10 Lakhs Deposit
  4. Calculate 200% Penalty on deposit of 20 Lakhs Deposit
  5. Calculate 200% Penalty on deposit of 30 Lakhs Deposit
  6. Calculate 200% Penalty on deposit of 40 Lakhs Deposit
  7. Calculate 200% Penalty on deposit of 50 Lakhs Deposit
  8. Calculate 200% Penalty on deposit of 100/1cr Lakhs Deposit

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Tax Calculation For Black Money/Undeclared Money Deposited – 200% Penalty

2 Lakhs to 2.5 lakhs Deposit and 200% Penalty Calculation
Tax Payable is – Nil
No Need to Pay Tax, The Amount Will Be tax Free

 

5 Lakhs Deposit and 200% Penalty Calculation
Tax Payable is – 75,000
First 2.5 Lakhs Exemption
a.       10% of 2.5L =25,000
A. Total Tax(a) =25,000
B. 200% Penalty on Tax =50,000
Total Tax Payable (A+B) =75,000

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10 Lakhs Deposit and 200% Penalty Calculation
Tax Payable is – 3,75,000
First 2.5 Lakhs Exemption
b.      10% of 2.5L =25,000
c.       20% of 5L =1,00,000
C. Total Tax(b+c) =1,25,000
D. 200% Penalty on Tax =2,50,000
Total Tax Payable (C+D) =3,75,000

 

20 Lakhs Deposit and 200% Penalty Calculation
Tax Payable is – 12,75,000
First 2.5 Lakhs Exemption
d.      10% of 2.5L =25,000
e.      20% of 5L =1,00,000
f.        30% of 10L =3,00,000
E. Total Tax(d+e+f) =4,25,000
F. 200% Penalty on Tax =8,50,000
Total Tax Payable (E+F) =12,75,000

 

30 Lakhs Deposit and 200% Penalty Calculation
Tax Payable is – 21,75,000
First 2.5 Lakhs Exemption
g.       10% of 2.5L =25,000
h.      20% of 5L =1,00,000
i.         30% of 20L =6,00,000
G. Total Tax(g+h+i) =7,25,000
H. 200% Penalty on Tax =14,50,000
Total Tax Payable (G+H) =21,75,000

 

40 Lakhs Deposit and 200% Penalty Calculation
Tax Payable is – 30,75,000
First 2.5 Lakhs Exemption
j.        10% of 2.5L =25,000
k.       20% of 5L =1,00,000
l.         30% of 30L =9,00,000
I. Total Tax(j+k+l) =10,25,000
J. 200% Penalty on Tax =20,50,000
Total Tax Payable (I+J) =30,75,000

 

50 Lakhs Deposit and 200% Penalty Calculation
Tax Payable is – 39,75,000
First 2.5 Lakhs Exemption
m.    10% of 2.5L =25,000
n.      20% of 5L =1,00,000
o.      30% of 40L =12,00,000
K. Total Tax(m+n+o) =13,25,000
L. 200% Penalty on Tax =26,50,000
Total Tax Payable (K+L) =39,75,000

 

100 Lakhs Deposit / 1 crore  Deposit and 200% Penalty Calculation
Tax Payable is – 84,75,000
First 2.5 Lakhs Exemption
p.      10% of 2.5L =25,000
q.      20% of 5L =1,00,000
r.        30% of 90L =27,00,000
M. Total Tax(p+q+r) =28,25,000
N. 200% Penalty on Tax =56,50,000
Total Tax Payable (M+N) =84,75,000

Video In Hindi for Better Understanding

Note Above Calculation is based on the assumption of 200% Penalty which government has announced

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