Hi All,
I've just started new venture and earning as 90k pm salary.
Wanted to know what kind of tax liabilities comes for me under 30% slab and how can I save maximum tax liability under different chapters ?
Major concern here is to save as much tax I can ..
Also wish to buy a car worth 7.5l and being employee I know I wont be getting tax deduction for that
What are the options to save ?
From India, Ahmedabad
I've just started new venture and earning as 90k pm salary.
Wanted to know what kind of tax liabilities comes for me under 30% slab and how can I save maximum tax liability under different chapters ?
Major concern here is to save as much tax I can ..
Also wish to buy a car worth 7.5l and being employee I know I wont be getting tax deduction for that
What are the options to save ?
From India, Ahmedabad
1.Investment upto 1.20 lacs includes children education fee, PF, LIC, NSC etc. 2.Housing loan 3. salary break up as LTA 4. Medical reimbursement 5. Mediclaim policy etc.
From India, Delhi
18From India, Delhi
Hi,
Your income tax liability depends upon the nature of the employment and your salary structure also, over and above as mentioned above you can also make donation to trust and political parties which will help you to get deduction of 50 % to 100 % of amount donated.
If you are an employee then you will not get any deduction for the car you are purchasing.
In case of any help on the same get in touch with me.
Regards
Nilay
From India, Ahmadabad
Your income tax liability depends upon the nature of the employment and your salary structure also, over and above as mentioned above you can also make donation to trust and political parties which will help you to get deduction of 50 % to 100 % of amount donated.
If you are an employee then you will not get any deduction for the car you are purchasing.
In case of any help on the same get in touch with me.
Regards
Nilay
From India, Ahmadabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Tax calculation.xls