Should i pay income tax?

533 views 3 replies

Hello everybody,

 

I am Pandian. During the financial year 2012-13, I worked for two companies. Upto September 2012, I worked for one company and the rest of the financial year I worked for another company. Both two companies did not do any TDS for me. Now I just calulate my today income, it seems 3.3 L. Moreover, I have invested 70k on tax saving fixed deposit. FD was the only document I had submitted to my employer. I also have 10+K medical bills and some tax saving documents that I did not submit to anyone.

Here is the queries I have.

1.) Can I use 10+k medical bills when I file IT return?

2.) As my total income is greater than limited, Should I pay self assesment tax?

Please help me out.

 

 

 

 

Replies (3)
You should pay self assessment tax. As the basic exemption limit is Rs.2 Lakhs.

Thanks Marisankar,

Can I use my 10+K medical bills? If I can I do not need to pay self assesment tax?

waiting for your reply.

Mari sankar

Read more at: /forum/should-i-pay-income-tax--253877.asp
Mari sankar

Read more at: /forum/should-i-pay-income-tax--253877.asp

Under Sec 17(2)

u can break you salary as--- below to claim medical exp

BASIC XXXXXX  
DA XXXXXX  
OTHERS XXXXXX  
TRAVELLING ALLOWANCE 9600  
MEDICAL REIMBURSEMENT 15000  
OTHER ALLOWA XXXXXX  
TOTAL XXXXXX               (I)
LESS:    
TRAVELLING ALLOWANCE 9600                (II)
MEDICAL REIMBURSEMENT  (SEC 17(2)) 10,000+                (III)-actual bill
TAXABLE SALARY XXXXXX                (I)-(II)-(III)

 

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