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please tel me my tax liability
by Manish Saini on Mar 10, 2008 12:43 PM   Permalink | Hide replies

my total taxable income is 1.9 lakh out of my current CTC 3lakh...my investment is 18k excluding PF and rent...

please tell me my total tax liabilty as per last year 2007-08 tax slab..

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  RE:please tel me my tax liability
by Amitabh on Mar 11, 2008 09:26 AM   Permalink
The exemption limit for 2007-08 is Rs 1,10,000.So please see that your investsments (including PF,but not rent) is Rs 80,000.That way your tax liablity will be zero.For this you may decide to invest addional amount in your PF or opt for PPF,NSC or ELSS.Please act fast.Time is short.

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The above message is part of the Discussion Board:
Your income tax: How it works now