My package is 3.0 lacs per year. Considering no investment from my side what shall be the
amount of income tax deducted.
My PF deduction is 1020 per month and conveyence is 5000 pm.
HRA 3400 pm.
and medical remn. is 1250 pm.
So how much should i invest so that there is no deduction.
1)sales turnover is 39,00,000/- & i have received professional fees of rs.3,00,000/- should i cover under the income tax audit.
2)if professional fees received from the business sources which is resemble to my business then it cover under turnover.
3) If profession fees received totally different nature of the business sources other than my regular business.
the amount in Mutual Funds
To get fixed Monthly income for aged Parents. Other than Post office Schemes.
I have a package of 2.80 Lacs. May i know what would be my taxable income for whic i would have to make investment to void taxes. HRA – 3000 CONVEYANCE – 1500 N PAYING RENT 5000 RUPPEES / M ALSO PLZ SUGGEST ME IF ANY GOOD INVESTMENT PLANS WHICH CAN SAVE TAX N PROVIDE GOOD RETURNS AS WELL ‘
what is tax rebate available for a govt servant whose gross taxable income is in between 5 to 6 lakhs. if a person invests in ppf/elss or any other means upto 1 lakh, is he eligible to get tax rebate?
investment will be made at i month of age.It should yield around 30 lacs at his 17th b’day.Give me a suitable plan.