will any1 pls tell me how to reduce my income tax?

Answer 1

America; Freedom to Fascism

An award-winning Hollywood producer sets out on a journey to find answers to questions about the legality of the income tax – but soon discovers that there is much more being hidden from public view than simple tax issues.

And You Can Watch it on google.
http://video.google.com/videoplay?docid=-4312730277175242198&q=America%3B+Freedom+to+Fascism

Answer 2

If your employing in any company,

Tell deductor / Finance people to deduct following things
1. Local conveyance Rs. 800.00 Per month to visit Office as per section 10

2. House rent allowance, if u r paying rent for house

3. try to pay insurance premium, that entire amount

4. PF, which is deducting by your company

5. Try to deposit in tax free funds like Mutul Funds, Shares, NSC etc.,

6. You can deduct Loans interest

7. Children's Educations Expenses

for further detail can me back [e-mail]

Answer 3

If you can tell me....what is the source & nature of Income, then we can suggest you hoe to reduce income tax.

Further details call .....09440591400

CA Satish

Answer 4

investments in govt. schemes/plans, take insurance policies, try to own a agricultural land or dairy farm so you can save yourself easily, otherwise make some deal with some charities or trusts to get receipt of money which you not paid by paying only some k's to them.

Answer 5

Reduce your income or give to charity.

Answer 6

u can't evade it.u can avoid to some extent. if u r an individual and ur income exceeds certain limit u have to pay it.why avoiding.it comes back to u only

Answer 7

Participate in a 401k plan, open an IRA account, buy a house, donate to charity.