Ya I saw ur calculation....now....considered cess too and hence the difference...
ANKSS
(CA)
(151 Points)
Replied 04 June 2011
Ya I saw ur calculation....now....considered cess too and hence the difference...
CA kuldeep kothari
(own practice)
(375 Points)
Replied 05 June 2011
these are general solutions/suggestions
which other friends have given or i can give.......u need customized answer than detail should be there
Raman
(Fresher)
(32 Points)
Replied 05 June 2011
PLEASE HELP ME
BREAKUP OF MY SALARY IS
BASIC SALARY IS 15000
HRA IS 7500
LTC IS 450
MEDICAL ALLOW. 1250
Transportation-800
ALL OF ABOVE IS PERMONTH
PLEASE TELL ME WHAT WILL BE THE ANNUAL TAX FOR ME AND IF HOW CAN I MINIMISE IT
THANKS IN ADVANCE
Harpreet
(* * * * * *)
(1670 Points)
Replied 06 June 2011
Income Tax for FY 2011-12 is as follow:
I have assumed that you are not paying rent and doesnt have any 80C, 80D, 80E, 80G deductions as well as no Home Loan.
Tax on Income is: 9540/-
Cess : 286
Total Tax : 9826/-
To save tax you can show rent receipt as per need and do investment like {80 C } - LIC, Mutual Fund (ELSS), Fixed Deposit (5 Yrs) and { 80 D } - Mediclaim for you as well as for your parents.
If you will show Rent receipts @ 7500/- per month then the same will be resuce by Rs. 7415/- and after that you just have to invest Rs. 23000/- approx.
I hope you will get my point.
Thanx
Harpreet
RITIKA KUMAR
(CA Article)
(55 Points)
Replied 06 June 2011
Harpreet is correct if u show your rent receipts and invest in u/s 80C then u save ur tax as much as possible.
Raman
(Fresher)
(32 Points)
Replied 10 June 2011
Women as Air hostess
Basic Salary- 4200 pm
HRA- 2000 pm
Flying Allowance- 10000 pm
Modeling Allowance-5000pm
effeciency Allowances-2000pm
what will be her tax and how can she save maximum tax
conditions applied are till now no 80G,C,D,E and no home loan
thanks in advance
Anurag
(executive)
(22 Points)
Replied 21 January 2012
you can save your taxes by investing in infra bonds too
visit the following link to know more : https://www.moneynmore.co.in/blog/?p=85
Anurag
(executive)
(22 Points)
Replied 21 January 2012
you can save your taxes by investing in infra bonds too
visit the following link to know more : https://www.moneynmore.co.in/blog/?p=85
Om
(Software Engg)
(21 Points)
Replied 09 February 2012
How can i save my tax. I have a salary package of 7.25 lakhs / annum
Break Up are
Basic 27069
HRA 27069
Conveyance 800
Retention Monthly 4230
Professional Tax 200
And about my investment
LIC 6500
PPF 50000
Medical 12000
House Rent 60000
but even after doing this much of investment, i got the tax deduction of 54000 this year
Plz help me out so that i can save more ...
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