tax planning
Querist : Anonymous
this details is for an resident male individual, single.
please do guide....
1)Invest 1,00000 in 80C preferably Rs. 70,000 in PPF and Rs. 30,000 in bonds etc.
2) take mediclaim of Rs. 10,000 and claim deduction u/s 80D
3)your balance taxable income is now Rs. 1,90,000
4) Basic exemption limit is Rs. 1,60,000
5)Net taxable income is now Rs 30,000 on whoch your tax liability is Rs. 3,000+3% cess - any TDS
Regards, CA Shakuntala Chhangani
Querist : Anonymous
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