 If my vehicle gets totaled and the insurance company pays off the remaining balance of my loan...........? |
| Will I have to apply for a new loan with my bank or will they do something like give me another loan for the amount I had left on the original loan? I ask because my credit is not so great and I ... |
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 Life insurance is 750,000 enough for 3 kids ? |
| is 750,000 enough to get three kids from age 1,3,5 through high school and college or do i need lots ... |
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 Whole life and term insurance thing again:? |
here is my original question
http://answers.yahoo.com
very good answers and i want to explain a bit more. i am 34, ... |
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 Im 16 and have been for nearly a month, still havnt had anything about a national insurance card? |
Right, well i turn 16 like back in august, and i never got sent a national insurance card or anything about it.
does anyone know who i have to phone to find out why i havnt had it??... |
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 Can an insurance company cancel my policy, because of claims? |
| My had some water damage and mold the insurance company paid but, now they are cancelling me because of it, I been with them for ove 25 years without a claim until now.... |
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 No insurance and I think I have....? |
| bronchitis. Is there any way to get rid of it and avoid going to the doctor? I don't want to end up in the hospital if i don't go but I'm really dreading having to pay a doctors bill. A... |
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 I'm 29, and my wife and I just had a baby. I need life insurance. What's the best way to shop around? |
| I'm sure I could meet with dozens of slick salesmen, but I don't have time for that and I want to compare cold hard facts. Anyone been there, done that?... |
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 Car Insurance Question (regarding insurance)? |
Hello,
I have an insurance question. Last December, my wife, 2 y/o daughter, & I were involved in a car accident. The other driver was at fault, this was noted on the police report. ... |
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 Can someone recommend an insurance company with a great reputation for claims for homeowners? |
| I currently have Liberty Mutual, but work with someone who lost all in a fire, and they treated them very badly and were very rude and argued every point of coverage, and then dropped her. Want to ... |
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| About life insurance.......? |
| My nephew told me that you can take out a life insurance policy on anyone at anytime.....is this true? For example,would it be illegal and/or immoral if my nephew took out a life insurance policy on ... |
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 Can i sue my insurance company Allstate for terminating my policy and not letting me know? |
| Allstate was my insurance company and i have not missed a payment, they say i did not make a payment since May 30th, it is now July 15th and i know for a fact i made a payment last month (because i ... |
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anirudh s | My taxable income comes to 70000 and i want to reduce it and i dont want to invest in any scheme? |
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JOHN D
|
Havea kid or twoand take out a mortgage |
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Jeevan Kumar Mittal, 1956
|
Donate it. |
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kitty fresh & hissin' crew
|
Donate to charity. |
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cvrk3
|
You are not liable for tax and what for you wish to reduce your taxable income. |
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Harshad D
|
Sounds strange that you do not want to invest anywhere. It is better to invest in some good scheme rather than giving it to govt for "nothing". You should save tax rather than paying it especially when Govt itself gives you chance to do so ! But respecting your decision I suggest the below
Your taxable income comes around 70000 so I assume that you have deducted PF, Professional tax etc from it. One thing which can reduce it further is tution fee for childrens you are paying. If you have taken house loan then under u/s 54 of IT Act 1961, you can avail the tax benefit for principal and interest. (There are plenty of options under 80C which can eventually make the tax to minimum but then you will have invest in some schemes). |
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ricks
|
increase 401k contribution
open IRA & shave off $4000
donate to charity
ask for less $ at work |
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AVANISH JI
|
As ur Income after considering all the rebates and from the free limit of Rs.1 Lacs., it is 70000/- more and u r not interested in paying taxes,
Reducing tax liability can be made under the following situations:
(A) Investing in Recognised Securities.
(B) Donating as charity for the 100 % exempt institutions.
(C) Incurring major losses in any kind of dealing may be share trading, business trading,accidental loss or other dealings which will sett off ur additional income.
(D) It is advisable to consult a Professional CA in this regard. |
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Shelly t
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If you don't have children they are a tax deduction, but not a good reason to bring a child into this world.
retirement accounts are tax write offs.
Then of course there is start your own business. Where you can show a loss for 3 years. |
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insatiable_kajal
 |
why dont u show house rent.. n other househik expenses,, children education etc |
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Pedro
 |
Give some to me |
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DEEPS
|
Basically you are taxed for income above Rs. 1,00,000/-.
But if you want to further reduce your income you can DONATE ,
GET YOURSELF INSURED FOR LIFE as well as MEDICLAIM,EXPORT PROFIT,DEPOSIT IN FD @ 8 to 8.5% returns IN BANKS. |
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Feeling Mutual
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You can put money into a tax defered retirement account to reduce your taxable income. |
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