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Till June I was not under the taxable income people. From my last appraisal amount credited in July/Aug I have fallen under the taxable person. I have recently joined a new company in oct. I want to know that Will I have to pay tax from Oct or will I have to pay from July/Aug. What all can I do to reduce my tax . Also How do I calculate the tax amount I have to pay.
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Tax is calculated on the Total Income received for the period of April-March Financial Year. There are lots of ways to save the Income tax. Best method is saving from PF then there are other saving option such as LIC, Medical Policy, Investment Bonds, Donations etc
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