I am a male, My INcome is Rs. 12.60 Lacs P.a. My wife's income is Rs. 1.44 Lacs. I have aminor daughter who is 3 yrs old. How do I pay zero Tax. Pls answer my Query.
RE:Tax calculation
by Rajni rules on Aug 05, 2008 04:04 PM Permalink
Freddie, above rules (told as golden) are only if there is divided family income. as per ur income, these rules won't be applicable, except giving gifts to your dependents(parents)
RE:Tax calculation
by Prashant Seta on Aug 07, 2008 05:56 PM Permalink
I m salaried person... If i give gifts to my parents then how to exempt it from tax.
