2007-03-02 18:21:43 · 6 answers · asked by Vijay Soni 2 in Business & Finance ➔ Taxes ➔ India
You will get benefit @ 10% i.e. Rs. 1100/-. Pay Rs. 3900/- before submission of return.
2007-03-02 18:37:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Your taxable income, (assuming your only saving is LIC and you dont avail any other benefits like HRA/Medicals) would be 39,000.
So your tax would be 3900 (10%)
Thus you would save 1100 for the LIC investment.
(You would also have to pay education cess @ 2% on your total tax liability)
2007-03-03 03:24:05 · answer #2 · answered by Ganesh 2 · 0⤊ 0⤋
You save Rs.2200/-.on tax
2007-03-03 04:45:24 · answer #3 · answered by transformer 1 · 0⤊ 0⤋
You can save Rs.1,308
2007-03-03 02:40:36 · answer #4 · answered by ashwin_44 1 · 0⤊ 0⤋
what sort of number is 1,50,000?
2007-03-03 02:25:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I asked myself the same thing Bungle.......
2007-03-03 02:30:58 · answer #6 · answered by Menda 2 · 0⤊ 0⤋