Re: are you giving wrong information (Pravin gandhi)
by kumarswamy on Feb 16, 2009 03:20 PM Permalink
my taxable income is Rs. 3.5 lakhs i have savings upto 1 lakh. hOW MUCH I NEED TO PAY TAX??
Re: Re: are you giving wrong information (Pravin gandhi)
by kumarswamy on Feb 16, 2009 03:22 PM Permalink
My annual income is 3.5lakhs? i have savings of 1 lakh. what would be the tax should i pay after deducting all these??
Re: Re: are you giving wrong information (Pravin gandhi)
by ssh ssh on Feb 16, 2009 03:34 PM Permalink
Medical excemption show bills of: Rs.15000 Buy Medical Insurence: Rs. 15000 Conveyance: Rs. 9600 Produce receipts of House Rent: Rs. 40000 If you are a male your IT = 3040 If you are woman you do not have to pay tax. enjoy
i am serving in the army. my annual income is around 560000. what will be my tax after standard deduction my saving is crossing 100000 per annum. please sugggest
Re: Re: income tax
by ramesh wasudeo on Feb 16, 2009 02:25 PM Permalink
it is surprizing that u are getteing STANDARD DEDUCTION of Rs.4,60,000. upper exemption ceiling is 1,00,000/- plus 15,000/- for mediclaim for parents.
you are laible to tax for income exceeding 2,50,000/-.
is this different than what had appeared in financial newspaper after the budget-in march,2008. Could you pl send the above in excel format so it is easy to copy or take printout.
Deas sir, I was a self employed till oct 2007 since feb 2007 and now i have taken up a job again how my tax will be calculated i had an earning as commission from my business. kundly help me in above case You can mail me on ravindra.wade@gmail.com or can call on mumbai mobile 9322224070.
I'm paying house building loan EMI every month by post-dated-chqs (PDCs) to LICHF.Owing to certain delay in the balance updating of fund in my savings a/c during past mnths,the PDC of current month gets encashed lately by 2-3 weeks time, with prior arragement of LICHF.Therefore I am charged with nominal Additional interest over & above the EMI Intt.Can I claim tax benefit of the Addl Intt.,alongwith EMI Intt.,since it is paid for house building loan repayment. Pls guide me.My EMail ID : savadhanam@rediffmail.com
