2007-01-08 00:30:34 · 4 answers · asked by bipul h 1 in Business & Finance ➔ Investing
Total Income = Rs. 3,50,000.00
Savings (if You have) = Rs. 1,00,000.00
Net Income = Rs. 2,50,000.00
Rebate = Rs. 1,00,000.00
Net Taxable Income = Rs. 1,50,000.00
Upto Rs. 1 lack Tax = Rs. Nil
And for Rs. 50,000 @10% = Rs. 5,000.00
Therefore you have to invest Rs. 50,000 more in tax benifit scheme to get the nil tax.
2007-01-08 03:24:50 · answer #1 · answered by Alexius T 2 · 0⤊ 0⤋
Just pay tax & use cash 4
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2007-01-08 15:51:50 · answer #2 · answered by dinu_pawar 5 · 0⤊ 0⤋
Dear,You have must pay income tax,because of your annual income,only 1.5Lakh is standard reduction,and 1lakh is you can invest for income tax free
2007-01-08 01:46:14 · answer #3 · answered by dskhared k 2 · 0⤊ 0⤋
if you invest 1 lakhs you will pay tax for only1 laksh and its tax will around 20000.
2007-01-08 03:37:12 · answer #4 · answered by keral 6 · 0⤊ 0⤋