Loan
This query is : Resolved
Ravi kiran yadav
(Querist)
14 July 2016
Can any one tel me to the wat extent I need to pay tax if I want to avail lain from bank @ 25 laks for construction f residential house
Amol S Joglekar
(Expert)
14 July 2016
a thumb rule is that
40 times of salary....for salary earners......750000 salary income without any deducction like 80C etc...tax is 70000
4 times of average profit.... for businessmen/professionals.....625000 of income...without any deduction like 80C etc...is 45000
40 times of salary....for salary earners......750000 salary income without any deducction like 80C etc...tax is 70000
4 times of average profit.... for businessmen/professionals.....625000 of income...without any deduction like 80C etc...is 45000
Ravi kiran yadav
(Querist)
14 July 2016
thank u sir
Amol S Joglekar
(Expert)
15 July 2016
you are most welcome.
.
.
.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- Ito add credit side of bank
- GSTR9 Annual Return
- RCM and same line
- Closer of business and itc of capital goods
- ARCA LOGIN
- Import of Capital Machine
- Upload Level ValidationITR3Category of Defect B/D
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- MSME Payment Sec.43B (h)
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
