I am paying rent as 7500 per month and therefore I get tax exemption for (12*7500 - 10% Basic) = 75000 only. If I increase the rent to 9000, I will be fine. But, I have to create fake rental bills. Correct? Is there any other way, avoiding fake rental bills?
Re: Doubt
by Vasant Sivashanmugam on Jun 21, 2011 11:50 AM
You could include maintainence charges, electricity / water charges etc. to increase your total rent paid.
Re: Re: Doubt
by Ashok Kumar on Jun 21, 2011 05:33 PM
Still that is going to be a fake only. Your landlord is not going to give a receipt for something that he has not got.
I am paying rent as 7500 per month and therefore I get tax exemption for (12*7500 - 10% Basic) = 75000 only. If I increase the rent to 9000, I will be fine. But, I have to create fake rental bills. Correct? Is there any other way, avoiding fake rental bills?
Have you ever wished about a real and easy way to make free money in Internet, even if you have absolutely no experience?It works round- the-clock, For Job seekers,Build his career at home.Join money making program absolutely free and 100% risk free. For more opportunity:send me mails on:--[ aryaweb.in@gmail.com ]
real estate is killing this country. Earlier, 10% of your salary would go to paying rent. Now, 50% or more goes there.
Out of 10 people 5 people are real estate brokers. The land lords and brokers literally suck the blood out of your family. They want to get rich and rich over night.
Because of these bastds.. a cup of coffee costs 10 rupees where you pay 6 rupees as rent of that place.
Re: Real estate
by Hemant Sane on Jun 21, 2011 10:58 AM
I agree with you in totality. This real estate has become a dirty business which sucks all your earnings. Brokers are the prime culprits
BEST WAY IS TO GET OUT OF PLACES LIKE MUMBAI AND DELHI. BECAUSE YOU END UP PAYING HALF YOUR SALARIES AS RENTS OR TRAVEL LIKE ANIMALS FOR HOURS TO REACH WORK PLACE. ITS NOT WORTH YOUR LIFE PEOPLE. THESE PLACES SUCK.
Re: BEST WAY
by Hemant Sane on Jun 21, 2011 10:59 AM
You are bang on traget , but who would understand this. People keep on running towards metro cities.
Re: Wrong Formulae
by ritwick sanyal on Jun 21, 2011 10:15 AM
I think in the last slide the formula should read (Optimum Yearly Basic Salary/10) and not (10*Optimum Yearly Basic Salary/10)
