Is that my salary is Taxable or not ..Please guide me …?



Hi frnd
My In hand salary after every deduction is around Rs 16800( In India )
Is that my salary is taxable salary
Please guide me
If it is a Taxable salary please guide me how to go about it

Regards
Your own stranger

Is that my salary is Taxable or not ..Please guide me …?
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4 Replies to “Is that my salary is Taxable or not ..Please guide me …?”

  1. If you are female, your salary is not taxable. But if you are male, it is taxable. TO get rebate, you may investment in LIC/PPF etc. for around Rs.20,000/-.


  2. If you are paying for your Health policy, LIC, PF , PPF and any other investment in infrastructure bonds with a loc in period of 3 years, the amount clubbed together will be deducted from your yearly salary and than tax will be levied if your salary remains more than 1.50lac.



  3. Yes. Amount in excess of prescribed limits for male and female is taxable. in your case you have quotaed after every deduction, that means your netsalary is taxable only. Andyou have to pay tax.





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