Question: What will be my Taxable income and what is the amount of investment i will need to do in India?
The details of my salary are as under
Other Allowances 9481/-
Out of which 1440 is being deducted for Provident fund and 200 for professional tax.
Answer: these figures are not complete to calculation your taxable income.
for calculating your taxable income we also need
1. how much you pay for your house rent,
2. in which city you live,
3. lta is taxable or not for this year,
4. any other income you have.
You can do a maximum of Rs. 100,000.00 investment for maximum saving of tax.
Here's how salaried people can save taxes!
Finding the right way to save taxes requires a great deal of planning. Here's a helping hand.