This year if my earnings may cross 50 Lakh.
1. How much tax I have to pay?
2. How I can invest to pay less tax?
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Investment for income above 50 lakh
Replies (3)
Till 10Lacs its 1.25L aboe 10L its 30%. There are various sections that you can save, 80C is 1.5L like PPF etc.
Suggest you to hire a good CA. I hope you are talking of FY 2015-16 i.e AY 2016-17.
He will prepare good P&L bal sheet , Computation of income .
Till 10 lakh 1.25 and above 10 lakh on balance amount 30%...on this total 3% education cess....u can buy NSE,Invest in PPf....decutions u/s 80c will be 1.5 lakh...Go for ur whole family medical and LIC
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