can i know that im bear to pay tax
by chandresh on Mar 05, 2007 10:11 AM Permalink | Hide replies

my income is ten thousand per month as mgmt trainee in a company.
can any buddy tell me that should i have to also pay tax

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RE:can i know that im bear to pay tax
by GIRISH PANCHAL on Mar 07, 2007 09:31 AM Permalink
do not invest in LIC policies. If u want insurance then take term insurance policies. Also think of mediclaim.

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RE:RE:can i know that im bear to pay tax
by Rajesh S on Mar 07, 2007 07:24 PM Permalink
Check out "Tax Planner" in ICHP portal. Will be useful..

WWW.ICHP.IN

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RE:can i know that im bear to pay tax
by Pradeepkumar Tiwari on Mar 05, 2007 10:17 AM Permalink
Yes but that will be minimal.
With 10k per month, it means it will be 120000 per year.
excemption is for 110000 so you have to pay tax on 10000 per year... if you show any investments or home loans, you should get off without paying anything...

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RE:can i know that im bear to pay tax
by Indrajit M on Mar 05, 2007 01:28 PM Permalink
As the taxable income for Men is increased to 1Lakh 10 Thousand, you have to pay tax on Rs.10, 000/- per annum if I am not wrong. This can also be saved if you took policies in LIC or other private insurance agencies.

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