4 Replies to “How much monthly income is taxable..?”

  1. if you are man then Rs 8333 permoth if you are a girl then 11250 permoth (just to creep into tax net)
    you pay taxes or not it depends on your saving, amount of income etc.,

  2. If you are a dream girl, then you will not be taxed up to Rs.1,35,000, If your name is not correct and if you are a men, then you will not be taxed up to Rs.1,00,000/-. If your age is more than 65 years, then you will not be taxed till Rs.1,85,000/-. The said amounts are for each financial year. (For the financial years 2005-06 & 2006-07). Each financial starts from 1st April and ends on 31st March.

    Also you will get some more deductions like LIC Premiums, NSC purchases, Payment of PPF, Childern School fee, Re-payment of housing loan instalments (Principle portion) Ect. up to 1 lakh & Deduction up to 1.5 Lakhs on interest paid on housing loans.

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