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How to calculate tax on income for 2008-2009?


basic 3500
vda 5500
adhoc all 16900
hra 4500
p & m 2500
m. a 400
tel 1000
m a 1250
food coupons 2000
total = 37550
this is my salary brake up for p m
i want to know how much tax i want to pay government,
if i want to save this tax , then how much money i want to save in this year
thanx

I am not able to understand your question.

Consult a Chartered accountant. If you invest Rs 100000 in Mututal funds (ELSS) you can save some tax

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