How much tariff i hold to income 4 showing income of 1,25,000 annualy.how can i pick up that excise within india?
Answers: If you are a gal you dont have to pay packet any tax on 125000 but If you are a guy miserably you'll have to money a tax of 2500rs
however if you enjoy to save toll you'll have to provide invst proof (25000rs)which can be LIC premium, elss, ppf etc
if you dont own any sort of invst go ahead n buy some elss(mutual funds) so they lokk perfect now the amount u should consider is 25000rs for not paying any duty on ur income
For A Guy, Tax Exemption for Income Earned in Year 2007-2008 is Rs. 1,10,000/-. Till this amount you dont own to pay a dime. Above that, you will pay cheque tax (a) 10% till 1,50,000/-
However, you can avail exemption of Rs. 1,00,000/- lower than section 80C for eligible investments.