2006-11-07 02:42:50 · 7 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ India
Sounds like someone is having delusions of grandeur, or have you bothered converting rupees to US dollars yet?
Darryl S.
2006-11-07 02:54:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Go to a website Ynithya.com, download the tax calculater and use that to calculate your income tax liability, the latest one is for FY 2005-2006, but you can use that one for current fiscal year also as nothing has changed for the current FY.
Also for the education loan repayement , you will need to ask your bank about the interest part as only that is applicable for a deduction from the taxable income. Hope it helps.
2006-11-09 01:02:20 · answer #2 · answered by Tech_Geek 2 · 0⤊ 0⤋
Did you go to Harvard? If you make $400,000.00 per year, and pay $9,000.00 per month that would be $108,000.00 per year. I would recommend that you just write a check and pay off the education loan then hire someone to do your taxes.
However, if you failed to put the decimal place in your numbers then you should go to a free tax service in your area for assistance with your taxes. You probably won't owe anything.
2006-11-07 10:47:47 · answer #3 · answered by Racewalking Invicta Swami 4 · 0⤊ 0⤋
In order to calculate your tax(es), one would have to consider all your deductions and tax credits before even trying to answer your question.
2006-11-07 10:50:21 · answer #4 · answered by teddy bear 1 · 0⤊ 0⤋
Hire somebody. A mistake can cost you more than you you'll spend on a bookkeeper.
2006-11-07 10:46:00 · answer #5 · answered by zocko 5 · 0⤊ 0⤋
with that salary i'm sure you can afford to hire an accountant or financial adviser.
2006-11-07 10:44:58 · answer #6 · answered by onlylove41 4 · 0⤊ 0⤋
eerrr that be dollars or cents or peso's or what?
2006-11-07 11:02:55 · answer #7 · answered by cork 7 · 0⤊ 0⤋