Income tax query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2012
my total salary is of Rs 220000/- in A.y. 2012-13, Hence i come tax Liability, What Provision should made to reduced the tax liability
CA PARAS BAFNA
(Expert)
03 January 2012
Provisions only, will not be sufficient. You have to invest by making payment. LIC, PPF, NSC, choose any of the three and invest up to Rs. 40000/-
.
.
Rabindra Kumar Sahu
(Expert)
06 January 2012
You have to first verify the professional tax and other and other deduction u/s 10.Then the rest amount i,e(220000-PT-u/s 10-180000) will have to invest to relief from Income tax.
Thanking You
R K Sahu
Thanking You
R K Sahu
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