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Want to ask query regarding taxation? |
Hello what is limit for man and women for taxable limit? Hey Sonali, the maximum exempted limit for women is 1.35 lakhs...rets 0.65 lakhs u can invest in LIC and mutual funds as Mr. Captain said......however expenses which r incidental to your business will be deductible so as to calculate your taxable income. for women its 1.35LAKHS AND REMAINING YIOU CAN INVEST IN LIC AND MUTULA FUND(ELSS) from my point of you,if you heaving the income of 2 lakhs ,you shoud invest almost 1.20 lakh.......... Your income is 2 lacs. You are woman. Therefore, invest up to Rs 55,000 and you will pay tax NIL. Why |
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I am in the same boat. What I have decided to do is go ahead and do the nondeductible Traditional IRA each year. Here's why: There is a tax law on the books that, in 2010, will allow pe... You should prepare a business plan and go see your bank manager Or apply to BBC2's show 'Dragon's Den' ...You can call the brokerage firm that held your funds as see if they have a purchase history. If they do not you will need to look at the history of the mutual fund around the time you purchased, t... To reduce your tax burden, you need to invest in Tax saving Mutual fund(ELSS). Following are best ELSS scheme 1. HDFC Tax Sever. 2. SBI Magnum Tax Gain 3. Principle Tax Saver. Dividend r... LIC is the best option . There are many plans in it. You can make many policies. They all are safe n secure. LIC also gives highest rate of Insurance. Its flexible. ...... Run, don't walk, to the library or bookstore and read: "Saving for Retirement without Living Like a Pauper or Winning the Lottery" by Gail Marksjarvis of the Chicago Tribune. ...Nice. How many pages did they assign you to read in order to answer that question? I'll expand just a little on what those are, since you don't care to read their extended definitions... |
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