Tax Benefits

ITR 446 views 1 replies

How to Get Tax Benefits those who are at  the Cutting Edge to the Tax Limits. How to Get rid From Tax while Those who are compensate to the Income Level. If a Person Earning per Annum upto the range of that He'll comes under TAX  Payble.


Including All Allowences His compensation is upto tax paying Level. But the Doesn't have any savings. Mean While, his Slary in Gross Per Annum 2Lac+, but his Net Pay is Under the Level Upto the Mark of Tax Level. will he comes under Tax payers list or Not.


 If  A person is Eligible that His Income is Net Total 2Lac. But He has debts to pay does he Excluded from tax Payers list and gets Tax benefits?

Replies (1)

 

First estimate your income from salary slip and than deduct exempt expenses like conveyance HRA etc. and than deduct if you have investment u/s 80c… left amount will be your taxable income.. if its excess than exemption limit of 1.60Lac for individual… 


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