Can you also post details about ELLS, PPF & PF and advice the best options one should go for considering all the Tax Saving Options, explaining how each one functions.
RE:tax details
by Secret Writer on Jan 02, 2006 05:41 PM Permalink
amol - sai - why don't you both just take it as an example to see how it is worked out and calculated. this is not a real life scenario. you do your own calculations. also, for instance, i stay with my parents and don't spend a pie on rent or anything else except my own lifestyle....so i could live on such an income....
you have shown as loss from house property as Rs.1,20,000/= and other savings worked out to be Rs.147000/0 and total expenditure for the family worked out to be Rs.267000 on account of savings etc., with the balance of R.53000/ do you think a person can survive with his family with a annual salary as mentioned by you as Rs.320000
It is better to die of a disease rather than opt for a mediclaim and keep running after the insurance companies/TPAs who spare no efforts to harass and delay the claims.
RE:Mediclaim
by Raja on Dec 31, 2005 03:47 PM Permalink
Not all TPAs are bad. Only some are. e.g. "Paramount" is one the best nowadays. Their service is excellent & paperwork minimal. I ve a personal experience wherein both my parents were treated for major illnesses at different hospitals & "Paramount" personnel took care of everything. Hats off to them. They are "Value for Money".
You have given an example where there is no taxable income after all calculations (using Section 80C etc.). Can you please show using an example where the taxable income amounts to say, Rs 3,10,000 after all calculations (using Section 80C etc.)?
