How much should i invest ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 January 2015 Dear Team,

My Gross Salary is Rs. 3,09,503.

Exemptions U/s 10 Amount
------------------
Conveyance Exemption 9,600

Deductions Under Section 80c
----------------------------
LIC Premium 4,981
Provident Fund 11,437
Prof tax 2,400

Could you please tell me how much should I invest so that tax payable is NIL?

Thank You.

13 January 2015 You have to invest 32000 to make tax payable NIL.

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 January 2015 Hi Seetharaman,

I have PPF of Rs. 12000/- and please could you reply with the procedure you calculated the tax payable?

13 January 2015 I have simply deducted all the amounts. After considering PPF no need to invest.

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Querist : Anonymous

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13 January 2015 Could you explain please.

13 January 2015 No need to invest further.

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Querist : Anonymous

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13 January 2015 Just now you said I need to invest Rs. 20,000/-

13 January 2015 I have revised my reply please see.

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Querist : Anonymous

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13 January 2015 your mobile# and email id please...

13 January 2015 rseeraman@gmail.com........

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 January 2015 One more issue I have is w.r.t. the FDs I made since 2010.

How should I view the form 26AS? I only have data from Onlinesbi website for the year 2014. For previous years, there is no data reflecting.

What to do?

Should this data from 2010, Rs. 50,000 for 5 years continuously.. should these amounts reflect?

14 January 2015 You can view 26AS through your onlinesbi or through your E filing site. 26AS can be viewed for previous years also by selecting the year.


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