Taxes Questions and Answers

I have need of some clarification in connection with import tax exemption on FD?

Say, I deposit 1Lakh under excise shield FD in any hill for a period of 5 yrs. Can i avail import tax exemption on the deposit for all 5 yrs? or is it merely for the year when i open a FD explanation?


Answers: ONCE YOU HAVE DEPOSITED THE MONEY IN BANK IN THAT YEAR ONLY U WILL GET EXEMPTION. 5 YEARS IS THE LOCK-IN-PERIOD WHICH MEANS YOU CANNOT WITHDRAW THAT MONEY BEFORE THAT PERIOD. IF U WITHDRAW YOUR TAX EXEMPTION WILL BE WITHDRAWN N YOU WILL BE ALSO TAXED IN THE YEAR OF WITHDRAWAL.

If i surrender 1 USD $ how much INR U will pay for me. Chumma?




Answers: If you surrender , please expect nothing in return ;-)
I think so you go to ask.com

and you gate answer for this question...

try...try..but don't cry...
We will pay you Rs.39.35 and the rate is valid only for 7/2/8

Now i am getting salary with basic 8,500/- in the pay scale of 6,500-10,500 what will be my pay scale and pay?




Answers: you must be getting rs 500 as increment. in 6500-500-10500. scale. pay will be about 20,000 including da.hra.
It all depends from company to company all the companies don't have the same salary structure...

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