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.
| Originally posted by : neeraj gupta | ||
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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.
| Originally posted by : RAJA P M | ||
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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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