RE:Can anybody tell me will i get any benifit with this tax structure change
by Nikhil Patel on Mar 02, 2008 07:24 PM Permalink
How come your gross income be 1.90L? As your package is 7.72L. And what that "Less:Income declared: 4.40L" mean? Please share with us.. so that we can also save income tax...
RE:Can anybody tell me will i get any benifit with this tax structure change
by navid mulla on Mar 03, 2008 11:35 AM Permalink
i think 4.4l is sumthing hs company gives him only if he takes a home loan and that too not directly... showing too much and giving very little
RE:Can anybody tell me will i get any benifit with this tax structure change
by suren h on Mar 03, 2008 01:52 PM Permalink
Dear SriRamKumar, Tell me company's name please. Its good company I suppose.
RE:Can anybody tell me will i get any benifit with this tax structure change
by jothi kumar on Mar 03, 2008 11:46 AM Permalink
You can deduct hosuing loan interest max of 1.5L and the principle comes under 80c(with in 1L)
RE:Can anybody tell me will i get any benifit with this tax structure change
by suren h on Mar 03, 2008 01:52 PM Permalink
Dear SriRamKumar, Tell me company's name please. Its good company I suppose.
RE:Can anybody tell me will i get any benifit with this tax structure change
by aliasgar saifuddin on Mar 02, 2008 06:23 PM Permalink
What do u mean by "Less:Income declared: 4.40L" - what income is this?
RE:Can anybody tell me will i get any benifit with this tax structure change
by Dhaval J on Mar 02, 2008 06:34 PM Permalink
u first make a proper frame work of your question then only anybody will able to help u...
This budget is a life saving drug for the farmers and a pain reliever for the lower middle class people. Well done FM you have prooved that you are an expert of Indian Economy. Loan waiver for farmers and increasing the threshold limit for IT will be welcomed by all these people.
However, we are expecting more from this govt. as our favourite former FM Mr. Singh and present FM Mr. Chidambaram are able to deliver to Indian economy.
Our main concern are Infrastructure, education and agriculture sector which needs efficient system / policy for improvement. Please do your best for the improvement of these sectors for an overall development of the country. One N-deal or some IT companies cannt make any difference for India if your basics are strong.
For constructive thoughts on Budget pls email me at fredy30@rediffmail.com. Thanks
RE:A Budget for Farmers and Lower Middle Class - Well done FM.
by RamGopalVarmaKi DAG on Mar 02, 2008 05:21 PM Permalink
Do you think atleast 1% of the loan waiver will reach to needy farmers. All these subsidies and loan waivers will be used by bldy politicians by benamy names......
RE:A Budget for Farmers and Lower Middle Class - Well done FM.
by raj on Mar 02, 2008 05:56 PM Permalink
RamGopalVarmaKi DAG bldy you have used RamGopalVarma name and movie you himself using benamy name. Now i understand why your mind is so corrupt.
I frequently buy and sell stocks.Will the income be treated as short term gain and I have to pay 10% tax or I will be treated as income from business and have to pay as per slab.
RE:short term gain tax
by RamGopalVarmaKi DAG on Mar 02, 2008 05:16 PM Permalink
show in returns as Short term capital gains. For FY 2007-08, i.e. AY 2008-09, Short term capital gains is increased from 10% to 15% by chiddu.
GOVT. IS GIVING TAX CONCESSION FOR THE TUITION FEES PAID FOR ONLY 2 CHILDREN. THERE SHOULD BE PROVISION FOR 3CHILDREN. THIS WILL BENEFIT MANY PEOPLE. SATISH
RE:NO REBATE IN INCOME TAX FOR THE 3RD CHILD
by RamGopalVarmaKi DAG on Mar 02, 2008 05:17 PM Permalink
Why you are having more than 2 Chlidren???????? you should have planned before instead of asking this concession>>>>>>>>>>>>>
RE:NO REBATE IN INCOME TAX FOR THE 3RD CHILD
by sathya on Mar 03, 2008 03:44 PM Permalink
You are absolutely reight and please who have 2 think before ink
RE:Agriculture Income
by mohammed ahmed on Mar 02, 2008 04:37 PM Permalink
you r supposed to pay rs. 2060 as tax.
270000 business income(-)80C Rs. 100000 =170000 gross total income 1. calculate tax on 170000 gti 100000 agri income 2 calculate tax on basic exmption agri income ie. 100000 100000 3. reduce the tax calculated at point 2 from point 1 balance is the tax payable plus education cess
RE:Is their any additional Tax Rebate for Physically challanged people as it used to be ?
by Dhaval J on Mar 02, 2008 06:37 PM Permalink
ya it is but it implies only when u yourself are handicap if u invest on other it is not deductable
All Budget money is not from Tax payers money only. Indian Government has billions of surplus money because of booming Economy. From last 10 years Indian Economy is growing between 6% to 9%. Today Indian government has billions of Rs and Budget surplus in hand because of booming Economy. This is the right time to implement Budget and help poor and needy.
by ashutosh s on Mar 02, 2008 10:51 AM give a man a fish and u feed him for a day, teach him to fish and u make sure he doesnt go hungry again.. the govt should have spend on rural education, irrigation, infrastructure, etc.. to empower the farmer rather than give him free money.. this sends a completely wrong message. what abt us? who slog our butts off in the cities? do u work any less hard? are our jobs any more secure? is the govt going to bail me out on my loans if my company closes down?
RE:give a man a fish...
by Sheery Joshua on Mar 02, 2008 11:44 AM Permalink
Beautiful....lol.....very thought-provoking and humurous at the same time;)
RE:give a man a fish...
by Mahesh on Mar 02, 2008 11:50 AM Permalink
The govt. is not analysing the root cause. Simply waiving off is really foolish. They are not helping the farmers to improve the crops. This is surely an election stunt.
RE:give a man a fish...
by Unlimited Storage on Mar 02, 2008 02:24 PM Permalink
honestly you know how Indian bank once went to brink of bankrupt... all false loans to the Politcally Exposed persons and mismanagement.
