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 Can he claim my kids, too?
My fiance and I are getting married on November and I don't work so how should he file this year? Is it joint or does he claim me as a dependant and my kids? Can he claim my kids? I received ...


 My Ex Did What????
Ok, so the divorce isn't final yet, BUT he called me today to tell me that his return was delayed because he reported MY income on HIS return. Apparently he filed "married". I filed H...


 I am self-employed what taxes I have to pay?
Hey, I am self-employed and I wonder how am i going to pay my taxes, who do i go to, and what kind of taxes do i have to pay? Is it the same as a buiness owner?...


 All of you who say that the government legally taxes you....?
Do you know that the Federal Reserve is NOT a government agency,. rather they are a group of private banks, and that they profit from your taxes? Like they say...the truth is out there....you just ...


 Sales person he said he isnt registered for vat,is this illegal?
i bought some items from a computer shop and when i asked for a receipt, it didnt have a vat number on, so i asked him what it was and he said "oh i dont have one to give you as im not vat ...


 If my daycare privider refuses to give me their tax ID to file with, how else can I get that info?
...


 If my father gives me gift his property do i have to pay any tax?
my father is 65 years old he is think to gift a land owned by him or by way of will, so if i get the property by way of gift do i have to pay tax if yes how much, and if i get the property by way of ...


 In georgia can i claim my unborn child on my taxes for 2007 hes not due until march 2008?
...


 Stimulus paper check in the mail?
how long after you got the letter saying it was on its way did you get your ...


 What are 1099's?
I know what a few have to due with..like 1099G. I keep seeing all the questions about 1099s and the extensions companies got to file them. What are they and how do you know if you have one coming ...


 What law did I break by not paying income tax can you show me the LAW?
...


 How to take federal tax off my check
How can I ask my employer to remove the federal tax charge from my paycheck? I've always hated paying that tax and recently found out there's no law that supports it....


 Is temporary insanity a good defence for beating an IRS Auditor?
I'm about ready to. The first nim-rod I was grilled by didn't know the difference between an S Corp and a C Corp.(I have an S Corp). After I demanded that he bring somebody else in that ...


 Why is it taking so long to get tax refunds?
had message on irs.gov stateing direct deposited on 1/26. then message changes to refund delayed. code 1121. did claim eic. now told will be 2 to 4 weeks from 1/26. how long until they have to ...


 OK LAWYERS, tax attorneys, in the tax books you get every yr., it speaks to the system being a voluntary one,?
Has the question of the system being voluntary been settled by the courts? if so pls cite case ...


 Can the I.R.S. take my stimulus check for back child support even though i pay every month i owe just over 4k?
...


 Do you need 2005 tax returns to do 2006 tax returns?
...


 Why does everyone pay income tax if it's a "voluntary tax?"?
After I saw this movie "America: Freedom to Facism" I'm shocked at how many people pay their income taxes. There isn't a friggin law on any books anywhere that says you have to. ...


 How does cutting taxes actually increase tax revenue?
...


 When taxes are e filed, is social security number checked to see if a dependent has been claimed twice?
does the IRS check the social security number of dependents to make sure they have not been claimed by another person before they accept the return?...



chithra
My salary per year comes to around 2,04,000 rs. Kindly advice me ways to save tax.?
                     
 




d kundu
Open a PPF account in a State Bank of India or Post office where you can deposit Rs 70,000 in a financial yr, some part you can deposit in PF account, thirdly deposit some amount as LIC premium; so that all these three becomes Rs 1,00,000 which will get deducted straight from Ur salary, so you will have to pay negligible tax on the Rs 1,04,000. Remember the interest you earn on the deposit in PPF account is not taxable in subsequent yrs.


sudha c
Rating
just invest rupees one lakh in ULIPs or mutual fund plans or send me your address to contact you to give a door step advice.


s J
submit rent receipt to your hr department and you can get exempted from tax


Satheesan tcv
Rating
PRIMARY EXEMPTION IS1,10, 000 /-remaining is 94000- provisional tax and hfl inerest etc, un can avail upto 1 lakh for 80 c of it act(lic premium, nsc, pf etc)


mukesh k
Rating
Dear friend

I m Mukesh Kumar a Company Secretary residing in Delhi.

you can invest in Insurance sector or you can invest in mutual funds. In addition you can contribute to GPF. There are many ways. To tax plan an expert require the structure of your salary and pereferance of your investment.

For further details you can contact on 09818858867.


MEENA M
Rating
Simple just deduct your salary's major part in EPF or PF to save tax, if your official allow. Actually government department don't mind this but private companies not allow because on behalf of your saving they have to deposit as per your money. Or if you are non-goverment employee then talk to your HR Manager or Boss that they pay you half salary on paper and half under the table.


Ashish A
You have got following exemptions as a salaried individual:

1. HRA exemption under Section 10
2. Leave Travel Allownace exemption under Section 10
3. Medical Bills exemption under Section 10
4. Conveyance exemption under Section 10
5. Exemptions under section 80C, which include invesment in LIC, PPF, NSC, ELSS, Principal payment on a home loan etc.
6. Loss on house property which include interest paid on a home loan
7. Under section 80D, Mediclaim insurance


p.amol
Rating
better consult a local tax consultanat , who can understand your needs and then advise you accordingly.

currently any income above 1,10,000 is taxable . you have to invest considerably to save tax.


Foo
The average exchange rate from 2006 for the rupee was 45.19, meaning you earned around £4514.27, however recently the exchange rate has shifted significantly, and by Yahoo finances estimates, that figure would only be £2489 today.. Is this monthly?

It'd take an expert on Indian tax laws for this question, something you wont find here!

In the UK we are entitled to tax free thresholds, around £5000 for a typical 20 something.

We also have investment vehicles called Individual Savings Accounts (ISA) that entitle us to shelter up to £7000 of investments from the tax man. There are various other schemes that are now out of dates (notable PEPs - personal equity plans).

The other alternative is to move to a tax haven and declare yourself as resident of that country, whilst still working in India. Difficult to do unless you are very very wealthy.


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