hai friends,,
i just need a clarification on lic,,
can i show my parents lic account for tax saving including mine account also...
could any of u brief this to me...
and my taxable income is 1,50,000.. wat is the tax amount for me this year...
best regards,
K.Murugan
From India, Madras
i just need a clarification on lic,,
can i show my parents lic account for tax saving including mine account also...
could any of u brief this to me...
and my taxable income is 1,50,000.. wat is the tax amount for me this year...
best regards,
K.Murugan
From India, Madras
Murugan
On taxable salary of Rs.150000/- tax wil be 4120/-p.a as upto Rs.110000/- there is no tax however find below the tax slab for current FY
upto110000 - NIL
110-150lac - 10%
150-250lac - 20%
more than250-30%
Add: 3% Cess. = Final tax liability
Rgds,
shiva
From India, Pune
4On taxable salary of Rs.150000/- tax wil be 4120/-p.a as upto Rs.110000/- there is no tax however find below the tax slab for current FY
upto110000 - NIL
110-150lac - 10%
150-250lac - 20%
more than250-30%
Add: 3% Cess. = Final tax liability
Rgds,
shiva
From India, Pune
Dear Murugan, A simplified tax computation and investment statement is attached for your reference. See if this helps you. Regards Bharathi
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
P-TAX.csv