Is employee contribution of PF exempt under section 80 ccc?
Answers: ELSS (Equity linked savings scheme) comes u/s 80CCC not PF or PPF.
PF & PPF comes under section 80C. It is exempt u/s 80C.
The maximum exemption allowed u/s 80C is Rs.1 lakh per year.
http://www.rediff.com/getahead/2005/dec/...
Yes. Even PF voluntary contribution too is eligible for 80cc.
Additional to this you can also have PPF (Public Provident Fund) at Post Offices, Nationalised Banks.
No, Employee contribution is not deductible u/s 80ccc
Rather it is deductable u/s 80c
:-)
New excise return stuff?
can someone explain the newly passed duty stuff? ive been audible range about it and i dont know a entity! im 21 and i work at a hotel... single- no kids. whats this about?? is nearby a link to an article i can read or something? appreciation guys!Answers: Who gets what:
How Americans within different financial situations would fare under the rebate plan proposed by House leaders and the White House.
— An individual near $2,500 in earn income in 2007: Disqualified because income fell below the $3,000 threshold. No rebate.
— A married couple near no children, with in the swing of things gross income of $100,000 in 2007: Would qualify for the full $1,200 couples. A $1,200 rebate.
— A worker beside one child, who earned $9,000 and owed no taxes within 2007: Would qualify for the $300 rebate available to individuals who pay no taxes but earn at least $3,000, plus an further $300 for the child. A $600 rebate.
— A couple with income of $145,000 surrounded by 2007, with three children: Would qualify for the full $1,200 for couples, plus $300 for respectively child. A $2,100 rebate.
— A couple with income of $160,000 surrounded by 2007 with two children: Would qualify for a partial rebate, reduced by 5 percent for every $1,000 surrounded by income above the $150,000 threshold. An $1,800 rebate — $1,200 for the couple plus $300 per child — would go down by 50 percent for this domestic. A $900 rebate.
— A couple with income of $200,000 and four children: Disqualified because their income exceeded $174,000, the phase-out delineate. No rebate.
just G00GLE 2007 Tax Rebate and youll capture enough info
roughly you qualify for 600 for singles 1200 for couples, and 300 for each child, if you construct under 70,000 and it wont come out until june
from what i own heard it's reduced taxes and/or a levy refund you should receive it by the summer, i know long time but it's greatly of people to distribute refunds to.
Ya the presidented established that a good track to boost our economy is to put some of the federal reserve money into the hand of the people. So you, beside no kids, should be looking at getting a check in the post for about 3-4 hundred bucks. The concept is that everyone will actually spend the money contained by ways that will boost our economy. Not newly go and win drunk or buy groceries, or just through it surrounded by a savings rationalization. That would defeit the purpose.
I think it is a white trash solution. They are printing up money and throwing it at empire. Bush thinks associates are stupid. I know you make 13k a year and god bless you for what you do but report me, don't you think 1.5 billion or doesn`t matter what it is he's giving out could be better spent on our kids education or could you not start a unbroken alternative energy company? (or 10) He's freshly printing out money and throwing it at us. Like a ruler of a country. He is not running this country. The country is being run similar to a business only keep watch on this video and all 5 parts http://www.youtube.com/watch?v=_dmPchuXI...
Hi. If you are single you will be getting 600 hindmost in May as of this moment. Nothing on the IRS website. I've attached the citation below.
I sold my propety within 36 months and have to pay short term capital gain tax how do we save tax in this situ
Answers: The short term capital gains will directly added to your income and you have to pay taxes as per slab rates. Directly there is no way to save tax. But you can invest in Tax saving schemes U/s 80C up to 1 lakh and reduce your tax burden to the extent of your investment in 80C investments (Max.1 lakh).
What falls U/s 80C ?
http://www.rediff.com/getahead/2005/dec/...