Iam a female working for a nationalised bank drawing Rs 19017 per month (after deductions)/ please can you tell me how much i have to pay tax and also please can you suggest me how much amount i have to invest in any tax saving schemes for saving my taxable amount.
Hello, I am L.G. Rao,Chairman of Sri Sarada Inst. of Science & Technology and Sri Sarada College of Pharmacy. we are looking for Financial assistance/loan from any foreign investor to the tune of Rs. 100 million.
Repayment will be in six years. Rate of interst will be around 7 to 8 percent per year.
Anyone interested may kindly contact the undersigned:
Psssssst! Laliff editors!...SShhhhhh! How do you save on taxes? - Such questions in Public? Baap re Baap!!!! At my senior age of 89 I am easily terrified and such questions asked loudly in public leave me trembling! I am the CEO and Founder-Promoter of IIT, Bombay ...Indian Institute of Tax-Evasion Ho!Ho!Ho! Ha!Ha! Ha!... My institute's motto is - Keep YOUR Profits in YOUR pockets! My Alumni list boasts of all the business tycoons in Industry. Many top-top Rajnitiks too are ex-students and so are top-notch Superstars of Bollywood, Tollywood, Mollywood. In fact had Aamir Khan consulted me, Bhuvan & team neednt have practiced or played cricket against Capt. Russel. And he could have spent more time with Elizabeth! Ho!Ho! Ho!...Heeeeeee! Mind it, I teach many Mind-blowing tax evasion techniques which, of course, I cannot reveal free-of-charge to one and all in such a public forum. For my salaried pupils,I teach how to change with White fluid diluter and increase the figures typed on the Tax-Deduction certificates issued by their employers, Savings Account Bank etc. !Take back from Sarkar more than was paid as deducton! Method Approved by your friendly neighbourhood ITO. Before graduation all attend sort of a Finishing School; how to behave,if you are obliged to stay as a Sarkari mehmaan, for eg. in Hotel Tihar. Students are fed in the canteen on Sarkari menu - Sukha roti and patlaa daal. Ha!Ha!Ha!Ha! , Hoo,Hoo, Hoo,Hoo .... Eh! want to enroll-Call 98420420
Savings sreves two purpose 1. tax 2. It allows to save some part of ur income Tax savings can be done as follows 1. Provident Fund 2. PPF( Term for 15 years) 3. LIC(Term Policy) 4. MF(ELSS) Thanks With Regards
Ask Employer To Split Payment In The Name Of Non Earning Family Members According To The Norms & Provisions Of Tax Law. If Employers Agree To It, No Doubt It Would Be A Near 100% Tax Saving & Planning. Thank you for providing me an opportunity to write on this subject.
Hi Everyone, Don't get too excited. The finance minister has only increased the slab of tax exemption. The savings which can be claimed under tax exemption (under 80c or whatever) still remains Rs. 1 lakh only. I think the medical insurance amount has increase and we can also claim the medical insurance amount of our parents. But the savings amount which can be claimed under tax exemption has not changed. Chandra
Go for term insurance as high as you can. Send your children to best and costliest school which you can afford, for tuition fees are exempted under 80C. Buy performing ELSS with remaining amount. Postpone for Home purchase for a while, take two to three years to decide.
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by Vivekchand on Mar 04, 2008 03:23 PM Permalink
Can u please advise in detail what is term insurance and how to avail it? Thanks Vivek Chand. v_vivekchand@rediffmail.com
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by Bubai S on Mar 04, 2008 04:02 PM Permalink
Hi Vivek term insurance is a insurance where you can pay less amount but your life coverage will be more. I.e. for 5Lks you may be pay 10000 for 30 years, and in between if you death ur wife or famely member will get back 5000000 rs. And nothing will happend with you you will not get back any things.[but in ICICI offer is some different, You will get back 30x10000]=only after 30 years. But in this case premium is more. If you wanna know more feel free to call me 09391022408/sahuthegreat@yahoo.co.in
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by SANJEEV PRADEEP on Mar 04, 2008 07:25 PM Permalink
What is the upper limit for claiming exemption on child tution fees
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by sanjay kumar on Mar 04, 2008 08:39 PM Permalink
Rs 1 lakh minus LIC premium and other tax relating savings.
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by shailendra singh on May 16, 2008 02:24 PM Permalink
you dont feel that slab of exemption are very less
RE:Young tax payers TERM INSURANCE, TUITION FEES, ELSS
by shailendra singh on May 16, 2008 02:33 PM Permalink
can india come out with single tax system to avoid confusion?
