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:

oldest newest most voted

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

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

*italic* or __italic__
**bold** or __bold__
link:[text](http://url.com/ "title")
image?![alt text](/path/img.jpg "title")
numbered list: 1. Foo 2. Bar
to add a line break simply add two spaces to where you would like the new line to be.
basic HTML tags are also supported

learn more about Markdown

Tags:

income-tax ×778
tax-saving ×120
investment ×57
exemption ×48
hra ×29

Asked: Feb 16 '11 at 05:13

Seen: 2,971 times

Last updated: Feb 16 '11 at 06:02

income tax exemptions

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Follow this question

Related questions