Comments on: Income tax calculator for India

By: Pankaj Batra

Pankaj Batra — Thu, 29 Jul 2010 19:23:09 +0000

@Rajeev
Sorry, But I have little idea about taxation rules for businesses.
Whatever I know, is from my experience and I don’t have any formal education in finance or taxation. I know whats useful for common service class man.

By: rajeev maheshwari

rajeev maheshwari — Thu, 29 Jul 2010 11:14:03 +0000

Dear Sir,

I have a urgent querry?
i m accounts officer and i want to know that how much should i deduct incometax from propreitorship firm (ABC associates) w.r.t. 194 c

plz reply

By: Pankaj Batra

Pankaj Batra — Sun, 25 Jul 2010 18:04:58 +0000

@Sachin
Yes, apart from current one lakh investment, additional 20,000 Rs will be non-taxable, if same has been invested in long term infrastructure bonds.

By: sachin

sachin — Sat, 24 Jul 2010 14:53:38 +0000

Hello Sir , There was a news tht over 1 lakh, we can save IT if we invest Rs30000 in some kind of Infrastructure bonds etc. is tht tru ,if yes thn please specify those …

Sachin

By: Pankaj Batra

Pankaj Batra — Thu, 01 Jul 2010 12:12:19 +0000

@Naveen
Please download and use income tax calculator from this url: http://www.pankajbatra.com/india/income-tax-calculator-india-2008-2009-2010/

By: Naveen

Naveen — Thu, 01 Jul 2010 09:17:02 +0000

hi this is Dr Naveen kumar working as a Professor in a private B School
I get 30000 pm in that 200 is professsional tax deducted by the college.
how much saving should be there to get exemption

By: Pankaj Batra

Pankaj Batra — Fri, 25 Jun 2010 04:20:52 +0000

@Sunil
Tuition fees reimbursements can only be availed, if you have school going children.

By: sunil nair

sunil nair — Fri, 25 Jun 2010 03:23:54 +0000

Regarding Tution Fees
I am working as an Junior accounts manager in a private firm. I am also doing CS & CWA inter 2nd group. I have also joined coaching classes. can i claim any exemption for such tution fees. what are the conditions for tution fees.
Regards
Sunil Nair

By: klraghu

klraghu — Thu, 24 Jun 2010 17:16:23 +0000

wat is the password to unprotect the sheet

By: Pankaj Batra

Pankaj Batra — Thu, 10 Jun 2010 10:06:07 +0000

@Thiru
It depends on Form-16 provided by employer.
If the employee had booked this amount in any previous years, they must have deposited TDS for the same in that year only.
Else, you have to pay tax on same year in which the amount was received.