I have no investment so for.Pls consider d below and compute how much invstment I have to do to avoid tax paying & also sugest best investment plans.
1 Salary Rs.
Note: * Variable Pay: You will be paid minimum of one month gross salary for the year 2011 on prorata basis provided a rating of “exceed expectations” is obtained during annual appraisal held during the year.
Using income tax calculator and considering following exemptions/deductions:
Total income tax (including education cess) comes out to be: Rs 21046.
If you want to reduce it, I would advise you following:
All above things will only reduce your income tax by maximum 10-11000 only. As you fall into 10% income tax slab.
answered Feb 06 '11 at 04:50