Hi
I'm software employee I given services one company they paid me Cheque per months as Contract employee I got 8 laks 2011-2012 salary (per month 80k nearly).Now I want to File the Tax one of my friend said This will come under 194j Professional services I need to pay Tax nearly 60000 (after deduction of 1,80,000+1,00,000(80c,80ccc schemes))is it correct ? am I reemburse my House Rent paid also per the Ta benfit ?
I'm not understanding if I'm working as employee I can show House Rent+Transport+Telephone Reembursement same job if I'm doing contract employee why I cannot use this benfits?
plz give me sugesstion How much I need pay Tax for this year?
Thanks