I am EMPLOYEE earning yearly Rs. 728500/-
after all deductions I have to pay tax for Rs. 165000/- I can avail tax rebate for that.
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Replies (8)
sir, you are not avail tax rebate.
Because your income is more than 350000/-.
REBATE APPLICABLE CONDITIONS
A PERSON IS
1. INDIVIDUAL AND
2. RESIDENT AND
3. INCOME LESS THAN 350000/-
so, you satisfied 1&2 but not 3rd condition
thank you
Because your income is more than 350000/-.
REBATE APPLICABLE CONDITIONS
A PERSON IS
1. INDIVIDUAL AND
2. RESIDENT AND
3. INCOME LESS THAN 350000/-
so, you satisfied 1&2 but not 3rd condition
thank you
Bilkul sahi jawab 'Thota Rao'
Thank you sir
Bhai ...how tax of Rs.165000 comes on just Rs 725800...????
My gross amount Rs 728705/- HRA deduction - Rs. 26986/- myself disabled person conveyence allowances Rs 38400/- & Children education allowances - Rs. 2400/- and savings Rs. 150000/- and disable allowance Rs. 125000 medical for insurance Rs. 1440/- and as per standard deduction Rs. 250000
@ Mutalya ji..
how is it possible.
tax on ₹10lacs is also ₹1,12,500, but on just 728500 how it can be 1,65,000 ¿¿¿
how is it possible.
tax on ₹10lacs is also ₹1,12,500, but on just 728500 how it can be 1,65,000 ¿¿¿
@ pradeep ji what I am saying my taxable income is Rs. 165000/- tax is Rs.6858/- with all cess
Yar Mutyala...u had written u will pay tax of Rs. 165000..Moreover ur computation creates lots of confusion...Plz provide ur correct total income.
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