Taxable Income
Querist : Anonymous
My Salary is 560000, what will be my taxable income for the year 2010-2011 and how much do i need to invest in order to avoid tax.
Maximum deduction allowed in sec.80C is Rs.100000/-
80C--Rs. 100000
80D- Rs. 15000
and 20000 for invest ment ij Infrastructure bonds.
Please also note that slabs for 2010-11 are also changed as under
up to 160000 NIL
160000 to 500000 10%
500000 to 800000 20%
more than 800000 30%
Querist : Anonymous
100000
20000
15000
there must be some allowances & perquisite which are either exempt or partly taxable.
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