2006-11-05 22:24:14 · 6 answers · asked by Ravindra S 1 in Business & Finance ➔ Taxes ➔ India
.............. get a good C.A ..............
2006-11-05 22:32:56 · answer #1 · answered by spaceman 5 · 0⤊ 0⤋
Totally 2 lac can be saved AS 1 lac which was actual exemption and the remaing 1 lac will be the investment in the PF, Insurance etc the total amount put together will come to Rs 2lac the tax U can save the tax only on the amount of Rs 2lac.
2006-11-06 02:08:45 · answer #2 · answered by Ramasubramanian 6 · 0⤊ 0⤋
Let's suppose you are me for moment: I make less than 10.00/hour at a retail food business. My husband makes less than 30k a year salary, and we own a home and our vehicles. He works for himself in a business that he and his brother own working twelve hours a day, six days a week. Based on several retail business models they have prepared, the prediction is that I'll be a millionaire in ten years. That is wonderful success. My husband and I are making many personal sacrifices to make this future happen for ourselves. Why should we give all of our money away in taxes when people like you don't have the ambition to make the sacrifices it takes to go somewhere in the financial world? I'm going to give up my very hard earned money away to people who sit on their butt after a typical 9-5, who don't feel like getting a good education, or decided to get stuck in a rut and do nothing about it. I certainly don't think so. Everyone has to pay taxes. Rich people DO pay more taxes too, just in case you didn't know. The system already isn't fair for the wealthy. Stop being a hater.
2016-05-22 03:21:24 · answer #3 · answered by ? 4 · 0⤊ 0⤋
alredy u might came across self declaration form form u r employer showing all tax Examption sources however u can call me on 9440884300 for complete details morning at 7 am.
briefly : you can save 30,000/- on savings up to 1 lakh u/s 80 C.
(Nsc/ppf/ ulip / insurance / mutual funds etc.. including children tution fee paid ))
you can take mediclaim up to 10,000/- so another 3000/- tax saved .
u also exampted up to another 10000/- against medical bills on parents health. ( this 10000/- will also be reduce ur net taxable in come.
that`s all in addition to above the only way to avoid tax is donations to tirumala or R.K math etc... chartible trusts where u don`t have financial benifit insted some metal satisfaction and peace.
2006-11-06 20:28:54 · answer #4 · answered by krishna 2 · 0⤊ 0⤋
waht ever you do you can save 100000 which willbe reduced from your income...
means you need to pay tax for 6.35L
If you take house building loan then the EMI will be deducted from your salary.
so not much you can save.
And 100000 includes your PF, NSC, Insurance and other instruments which comes under 80cc
2006-11-05 22:34:17 · answer #5 · answered by Subhrangshu m 3 · 0⤊ 0⤋
you can save tax on mediclaim policies Rs.10000 and LIC/PPF/NSC/MUTUAL FUNDS/PENSION FUND/HOUSING LOAN PRINCIPAL/SCHOOL FEES Rs100000 and housing loan interest upto 1.50 lacs AND TOTAL AMOUNT YOU CAN SAVE IS RS.260000-00
2006-11-07 21:08:37 · answer #6 · answered by JAMBU N 1 · 0⤊ 0⤋