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Hi to all

Tax queries 159 views 4 replies

currently i am nre but want to know that if 50,000 intrest comes from bank f.d and 55,000 comes from rent.so how much tax i want to pay.

this is how i plan after 5 years when i returm to india,so just want to know how much tax reduction will be there according to current scenario.

 

Replies (4)
if that is the only income and it is annual, then none. Your income is below 2.5L, hence no tax.
Originally posted by : neeraj gupta
if that is the only income and it is annual, then none. Your income is below 2.5L, hence no tax.

sorry to mention it is not yearly it will be monthly 1 lakhs including both.

so how much tax is calculated and how i can manage.

in that 50,000 rent may be 20,000 will be maintiance so 30,000 only i will get in hand.

Yes your income is above IT ceiling limit. So, you want to file ITR...
Originally posted by : RAJA P M
Yes your income is above IT ceiling limit. So, you want to file ITR...

so how much tax i have to pay and is there any bond or anything i can save  

 


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