income tax exemptions

im a salaried employee working in a private company... my pay is Rs 20000 + Rs 3000 HRA Per Month and there is no other benefit from the company not even PF. i have joined the company just 3 months ago and my previous company salary was below taxable slab.kindly let me know if im taxable, if so,how much tax i should pay and wat are the means (investments) to get exempted from tax with future prospects.

asked Feb 16 '11 at 05:13 by cholan 1●2●2●2

One Answer:

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With-out knowing previous company salary details, tax-ability of year income cannot be computed.
Download Income tax calculator and put all monthly figures into that, to compute income tax liability.

answered Feb 16 '11 at 06:01 by Pankaj Batra 5.2k●3●20

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income-tax ×777
tax-saving ×120
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Asked: Feb 16 '11 at 05:13

Seen: 2,877 times

Last updated: Feb 16 '11 at 06:02

income tax exemptions

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