I am a salaried person with tution fee of Rs.13866/- p.a & LIC Prm of about Rs.9828/- p.a. Can the full amount of Rs.13866/- Rs. 9828/- be claimed as exempted from tax? Total Annual Income is Rs.135527/-. Please advice. Pls reply at dddamodhar@gmail.com
Re: tax exemption
by Praveen on Oct 24, 2008 12:27 PM
Dear Umesh, is it salaried income? if it is salary every individual can do up to 100000 as saving to reduce tax liability after deducting conveyance and PT u can take LIC premium for further clarification u can mail me praveen.parvathaneni@rediff.com or can contact 9705979969
RE:tax exemption
by Mukesh Ranjan on Apr 09, 2008 01:32 PM
Mr Umesh you can save upto 1lakh through different investments.Insurance is one among them which can provide you cover also. for futher query you can call me on this number: 9731433455
Re: Income tax
by Praveen on Oct 24, 2008 12:30 PM
Dear, U can invest up to 100000 in PPF or LIC giving better returns which are tax free again praveen.parvathaneni@rediff.com
Re: Regarding LIC policies
by hari dhayalan on Jan 16, 2009 01:43 PM
hi some one had misguide you. LIC plans will be given tax benefit and risk cover also. Be confirmed with authorized LIC Agent. If you require any queries or tax planning pls contact 'dayaauditz@rediffmail.com'. contact no.9900525852
RE:Regarding TAX adjustments
by on Jan 08, 2008 11:13 PM
you have to pay 30000 rupees as tax. for further tax benefits. call Jayashree Ramanan - 9994708400