Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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 / yash

U R MONTHLY SALARY IS =10000 PM
AND HRA RECEIVED = 5000 PM
IF UR HOME IS SAME CITY MEANS
ALL AMOUNT IS TAXABLE
EXAMPLES : 10000+5000=15000 PM IS TAXABLE AMOUNT IN CASE
OFFICE AND HOME IN SAME CITY
TOTAL TAXABLE INCOME=15000*12=180000
150000RS = NIL
(180000-150000)= 30000*10%
= 3000 RS TAX AMOUNT
AND AGRICULTURE INCOME IS FULLY EXEMPTED.

Is This Answer Correct ?    3 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

a x company deduct tds against our bills so how i entry this type of transaction in talyy 9.0 ?

3992


What do you understand by dissolution of firm?

1142


how can I know the status of the service tax filing of my organisation when I don't have any details except St number. I want to know till what date the returns are filed etc as I have recently joined.

2121


WHAT IS EXCISE DUTY RATE IN HARYANA for RMC

2851


ER-5 & ER- 7 ER -4 related all information 1) What Fill The ER-5 & ER- 7 ER -4 2) What Infomation Fill In the return

1971


when wct@8.75% is charged from the vendor. How much TDS has to be deducted against it??

2722


what data require for liability calculation under work contract tax composition scheme and regular method.

2115


I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com

1941


How can deduct tds from auction cases (timber)

2019


Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)

1876


what is fbt@ ,sd @

2208


how to generate H-form and procedure for generate?

3532


What extra accounts and legal formalities are maintened In excise firm other then normal saling firm.? also tell me tax aspect in Excise firm?

1968


Pls give a details knowledge of Income Tax (including TDS, TCS)duty paid online form no., due date, return form no. and due date, limit of turnover for auditing, procedure of auditing and income tax depreciation, etc.

2074


if the goods are purchased against H Form, is there any specified time limit winthin which they should be exported?; if yes then wat is that limit?

5489