My income is around 19000CTC can anybody tell me what tax deductions will be there?



By the way i am an indian living in Delhi. But I have an LIC policy and I am giving 14000 as premium. Additionally I am giving 36200 as an education loan of mine. What will be the tax rebate????????? I am very eager please let me know…..

My income is around 19000CTC can anybody tell me what tax deductions will be there?
Rate these answers

2 Replies to “My income is around 19000CTC can anybody tell me what tax deductions will be there?”


  1. 19000 x 12 = 228000

    Assuming 19000 is fully taxable , your employer will deduct the total pf amount for the year from 228000

    Tax is payable on the balance amount exceeding 1.6 lakhs @ 10%

    Show them proof of investment of Rs 14000 in LIC. This amount along with the pf is deductible up to 1 lakh ( SECTION 80 C ) from your gross income.of 228000. So if you save 68,000 and show the proof to them , no tax will be deducted.

    For educational loan , only the interest paid during the year is deductible from your gross income.
    End of the year , you can show the deduction while filing the returns.





Leave a Reply

Your email address will not be published. Required fields are marked *