Income TAX?
hi ppl can anyone make clear to me if my annual income in appendage is Rs1,45,000 afterwards do i enjoy to pay cheque tariff -
Just to be paid ur duration effortless i am a womanly...
Answers:
Further to Mr.Pachi's answer I will to put that you own to report income excise return (for A.Y.2007-08).
From subsequent year A.Y.2008-09, you will be getting exemption till Rs,145000/- and within will be no necessity to record Return of Income and remuneration income import tax.
Yes. Your inome upto 1,35,000/ is rates free.Since your income is 1,45,000/- you hold to reimburse a toll for the 10,000/ at 10% plus edn cess 3%: 1000+30= 1030. But if your PF investment, NSC investment, LIC premium , 5 year Bank deposit,Tax shield (mutulal funds) etc is more than 10000 you can subtract the amount from the 1,45,000/ after you want not take-home pay any rates.
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Just to be paid ur duration effortless i am a womanly...
Answers:
Further to Mr.Pachi's answer I will to put that you own to report income excise return (for A.Y.2007-08).
From subsequent year A.Y.2008-09, you will be getting exemption till Rs,145000/- and within will be no necessity to record Return of Income and remuneration income import tax.
Yes. Your inome upto 1,35,000/ is rates free.Since your income is 1,45,000/- you hold to reimburse a toll for the 10,000/ at 10% plus edn cess 3%: 1000+30= 1030. But if your PF investment, NSC investment, LIC premium , 5 year Bank deposit,Tax shield (mutulal funds) etc is more than 10000 you can subtract the amount from the 1,45,000/ after you want not take-home pay any rates.