 I need to give my mother a monthly sum of Rs 10,000 for her medication,food and shelter.? |
| Would the annual sum of Rs 1,20,000 be exempted from my income tax? What are the formalities for the same?... |
|
 If I make a $5,000 bet in Vegas, do I have to pay Taxes on the winnings? |
| How does that work? Do you need to fill out paperwork? How much are you taxed?... |
|
 Is money I donate to my family during a hardship considered tax deductible? |
| Is money I donate to my family during a hardship considered tax deductible?... |
|
 What is the allowable deduction per mile for an expense report? |
| I need to fill out an expense report for work. It has been a while since I have had to do that and I don't know the current deduction for mileage (cents per mile) in the US.... |
|
 I made 26,575.54 and had 1655.00 in federal taxes taken out and 378.01 in medicare roughly what will I get bac? |
what will my return be if i made 26,000.00 and had 1650.00 withheld
Additional Details
i claim head of household and 2 on th ... |
|
 How to decrease tax withholdings on W2? |
| How do I decrease the amount of money that is withheld from my paycheck every month? I want the most money per month possible. What allowances/exeptions do I write down?... |
|
 Do anybody know why the rebates arent being deposited? |
Additional Details
I heard that if you had fees taken out of your refund that it wont be deposited, youll get a paper check!!! If thats the case I got more than a month to wait for mine!... |
|
 I received a second letter from the irs stating that I should receive my rebate by the 16th...? |
| However the 16th has come and gone, and I was wondering if maybe they worded the letter incorrectly, and meant to say that it will be mailed by the 16th..the last two of my ss# is 02..I know that ... |
|
 Joint tax return re:IRS Stimulus check: SSN last two digits used for deposit status? |
| We filed a joint tax return, does anyone know if the IRS Stimulus checks are deposited based on the first SSN entered or on the second SSN entered? My husband's SSN ends in 06 and mine in 27. M... |
|
 Who claims the child for taxes? |
| My ex-boyfriend and I had a son in 2004. We were never married. We split in 2006 and I am now married. My ex lives in the area with his girlfriend. My ex gets my son three days a week, M-W, it's ... |
|
 Tax rebate? |
| i made $40000 in 2007, my wife does not work at all, how much should i get in tax rebate ?... |
|
 Advice for avoiding owing taxes in 2008? |
| We are sick of owing around $3000 in taxes! The so called tax reform did us absolutely no good - we owed more this year, and our bracket did not change. Taxable income, around 120,000 - standard ... |
|
 Paper Check!!!!!!!!!!!!!!!!!!!? |
Has anyone with the last 2 of ss# being 11 gotten there paper check?
Additional Details
I am asking because people started recieving them yesterday. They are ahead of schedule and have ... |
|
 I have no taxable income but I have capital losses. Can I still deduct $3,000 limit and get a refund? |
| I have no taxable income. I had money to put into stocks, which I lost good amount of it that exceeds $3,000. Can I still deduct $3,000 as a capital loss and get a refund when I file a tax return?... |
|
 IRS Delay? Did you file using Turbo Tax.com? |
| I just wanted to find out from others who are having their refund delayed if they filed using Turbo Tax.com. My refund was suppose to be refunded to me on 1-26. On the 26th when I called the IRS ... |
|
 I won money outof the usa. should i pay for my winnings.? |
| i have won money out of the usa. should i pay for money that i have won?... |
|
|  |
Jinu G | How to avail income tax exemption in india? |
i am paying around Rs. 250000/- as income tax there is any option to get exemption in paying tax. |
 |
 
Anand V
|
Buddy,
As per the IT regulations, there are certain deductions that are allowed on the income earned by an individual. These amounts can be subtracted while arriving upon the net taxable salary of an individual.
They are HRA, LTA etc.
The Income Tax laws allow all individuals who are assessed for income tax to claim exemption from income tax under the following heads.
Section 80C – The section 80C of the IT laws provide exemption from income tax on amounts that are invested by the individual. This usually includes the amount the individual invests in certified instruments that are exempt from tax
There are a lot of other section using which you can reduce your tax. to know them visit: http://anandvijayakumar.blogspot.com/2008/10/normal-0-microsoftinternetexplorer4.html
Cheers,
Anand
mail me at anandvijayakumar@ymail.com if you need any more details. |
|
SwamiNathan A S
|
Invest Rs. 1L under LIC, PF, Principal on Home loans etc.
You can get exemption for 1.5L, if u paid Interest on home loans.
Also, try to provide more monthly rent (>50% of ur monthly basic) receipt with agreement copy. |
|
Madboy P
 |
Through section 80(C) you can get the tax evaded for a maximum of 1 lakh per annum.
Similarly home loans and the interests can be exempted from income taxes |
|
meet
|
hi.you not specify which Type of income means salary income or Business income....is salary income then you can save tax by Housing loan and also take education Loan & deduct good saving from salary.if your income is business then you can also able to file new return of your spouse.and you can take this is expenses in your income .for more i suggest you consult good tax consultant of your city. |
|
Manoj M
|
It is a serious type of question sir and I suggest you to contact an able Income Tax advocate only.His advice will be the best. |
|
Jss
 |
For salary breakup to get maximum deductions, read:Income From Salary http://mytaxes.in/index.php?topic=17.0
For home loan interest deduction under section 24(b) and capital deduction under 80C, read http://mytaxes.in/index.php?topic=9.0.
Read about Investments based Deductions from the Income: Section 80C, 80CCC, 80CCD, 80CCE http://mytaxes.in/index.php?topic=24.0 |
|
Nirmal
|
Simple,
Shell out 10,000 to an auditor and he will save all of your taxes. |
|
deeptijindal19
|
yes u can save some more income tax u/s 80(d).
u can contact munish-9810582773 for details |
|
khanapur
|
The exemption limit for saving including all recognised saving is only Rs 100000. Some of the other savings which will reduce income tax burden are Gift to your spouse, donation to recognised institutions,medical insurance.These are exempt from income tax to certain limits. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 3 minutes(s) ago
| | | |
9 | 7 minutes(s) ago
| | | |
9 | 8 minutes(s) ago
| | | |
9 | 21 minutes(s) ago
| | | |
9 | 38 minutes(s) ago
| | | |
9 | 3 hour(s) ago
| | | |
9 | 6 hour(s) ago
| | | |
9 | 9 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 6 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
