How much money I have to invest to exempt from my taxable income is Rs. 2.5 Lakh?

U/s 80C Maximum you can invest Rs.1,00,000/- only. If you are men, you have to pay tax on balance Rs.40,000 @10% = Tax Rs.4,000+ Edu.Cess Rs.120/-.

Your income: Rs.2,50,000 less 80c deduction Rs.1,00,000= Rs.40,000 balance taxable.

Details for 80C investments detailed in the below web link
http://www.bajajcapital.com/financial-pl...

u need to invest about 1.40 lakh to exempt from tax,
but can u manage your living in 1.10 laks p.a.
also maximum limit to investment in 80C is 100 k and u/s 80D about 10 k.

If you want to save your INCOME TAX in 2007-08, then i have a best solution to save you tax.
All you need to do is send your annual income and some details about your saving.
Email
fc.hdfc@gmail.com
(Certified Financial Consultant)

Tags

　　United States Taxes 　　United Kingdom Taxes 　　Spain Taxes 　　Singapore Taxes 　　Mexico Taxes 　　Ireland Taxes 　　India Taxes 　　Germany Taxes 　　Canada Taxes 　　Australia Taxes 　　Small Business

Related information

Reissue of lost pan card?

Your PAN card details can be known if you can correctly answer like your name, your fathers name and your date of birth. If you have all the details correctly, then open the below web link (by clic...

I wanna my pan number?

If you lost your pan card and wanted to apply for a new card, then you can apply for a duplicate paying around Rs.70/-. All the formalities are almost like a new pan card. You will get another ca...

How is this SSN linked to PF ?

As far as I know, SSN is a new concept in India for making EPF dept. much flexible for members. We will get a unique ssn card with a number on it. It will work like your member id and we will get ...

Hi, My income is around 2,50,000 pa. I have invested Rs 40,000 on LIC policy.?

LIC will not refund any amount if the policy is cancelled with in 3 years. So it is left to you weather to discontinue payment or not. If you are not in need of money right now, I suggest you conti...

How much % tax charged in local sale?

It depends on state to state n item to item so please specify...

...

How much is the short term capital gain tax in india for selling residential properties?

Short term capital gains on property is fully taxable. That means the short term capital gains income will be added to other income of other heads like salary, house property income, income from o...

TDS- any one tell me about the details of Tax deduction @ sources.?

Nature of Payment/ Section Rate of TDS When to deduct Time of Deposit to Central govt. Grant of TDS certificate Annual Returns relating toTDS Person responsible for deduction Form No. Time Limit...

Can I claim exemption on the HRA as well as the interest paid on housing loans at the same time?

If you own the house on your/spouse name, living in the same house too, may not relax double tax exemption. May be possible, if you are residing else where. and produce rent receipt. Still you wi...