Hi
May i know i 2 avoid Income Tax.I am getting 1,20,000PA
and a house rent of 5000PM,and profit from Agriculture
Income of 80,000.Is agriculture Income taken into
consideration.If so how 2 calculate further & how much will
b the Income TaxI will b getting.
Answer Posted / shilpalatha
Hi,
you cannot avoid tax but, you can reduce it by payinfg
towards insurance policy etc,agricultural income is taken
into consideration but it is exempted upto 50000
Is This Answer Correct ? | 9 Yes | 1 No |
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