Tax saving (real) INR 417 / month (5000/12). Remaining benefits is possible only if you have money to SAVE. But already they have taken from you as below: 1. Minimum of 40 % price raise within 2 months which is minimum of 1000 extra (assuming 2500 / head /month). 2. Petrol price raise contributes at lest INR 200 extra (considering only one vehicle). 3. Due diesel price raise all other consumables are increased consider INR 1000 extra (considering your average spending is 4000)
Now already taken (1000 200 1000)=2200 but given only 417.
Tel me where is your saving to invest and get other tax benefits?
Re: Below expectation
by kieran dsouza on Jul 11, 2014 06:41 PM
up to 4.2 L is exempted: 2,50,000 1,50,000 (80C) 2000 (tax rebate up to 5 L) 4.2 L income fully exempt provided u invest as per 80C
Re: what abt 5 lac exemption?
by kieran dsouza on Jul 11, 2014 06:41 PM
up to 4.2 L is exempted: 2,50,000 1,50,000 (80C) 2000 (tax rebate up to 5 L) 4.2 L income fully exempt provided u invest as per 80C
Improvement in industrial investment needed higher taxation of Bank deposits. People should be attracted to invest in equity capital for which sops shall be given, rather than imposing higher long term capital gains taxes.
