My annual income is 2.85 lakhs, how to save tax?
Answers: You can maximum invest up to 1 lakh in tax savings investments under sec.80C.
http://www.rediff.com/getahead/2005/dec/...
Now calculation:
2,85,000 is your income
1,00,000 (Less) is your Savings u/s 80C.
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1,85,000 is the net income after adjusting 80C deduction.
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Tax:
If you are a male: If you do not save any Amt. in 80C= 35,535
If you are a Male: If you Invest 1 lakh in 80C: Tax: 11,330
If you are a Female: If you do not save any Amt. in 80C= 31,930
If you are a Female: If you invest 1 lakh in 80C: Tax=7,725
You can Save up to 1 lakh in tax savings investments under sec.80C.
Now calculation:
2,85,000 is your income
1,00,000 (Less) is your Savings u/s 80C.
------------
1,85,000 is the net income after adjusting 80C deduction.
=======
Tax:
If you are a male: If you do not save any Amt. in 80C= 35,535
If you are a Male: If you Invest 1 lakh in 80C: Tax: 11,330
If you are a Female: If you do not save any Amt. in 80C= 31,930
If you are a Female: If you invest 1 lakh in 80C: Tax=7,725
When do we get our rebate checks and how much will they be for - Married w/ 2 kids?
Answers: According to the White House, you can receive the rebate checks around 60 days after the legislation is approved and signed. Now, when that bill is going to be signed is still up in the air :o)
http://www.whitehouse.gov/ask/20080125.h...
As to how much you will earn, this is White House's proposal
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Specifically, working Americans who have earned income of $3,000 or more will be eligible for a minimum rebate of $300 for an individual or $600 for a couple filing jointly. Based on the amount of federal income taxes paid, that rebate rises as high as $600 for an individual and $1,200 for a couple filing jointly.
In addition to the individual rebate, families will receive an additional $300 per child credit. The individual rebate and the child credit phase out starting at $75,000 in income for individuals or $150,000 in family income.
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1800.00 but the democrats will derail it.
What is the standard rate of income export tax within Montana?
Does it depend on where you live?How big your inherited is?
What you own?
Or is it one set percentage?
Answers: Yes,
Living here for 15 years now, please run consult your tax accountant.