My brother died within 2006.I hold salaried the LIC for my brother children.shall i show this for income levy moderation
My brother died in 2006.I own paid the LIC for my brother children and sister within law.shall i show this for income levy reductionWhat are the documents i enjoy to submit?.
Answers: Unless you are legal guardian , you can not claim !
IF U ARE A INDIVIDUAL THAN U COULD GET EXEMPTION OF ONLY PREMIUM PAID TO FOLLOWING:
1) OWN
2) SPOUSE
3) CHILDREN
U CANNOT GET EXEMPTION OF ANY OTHER ELSE.
Yes you can show if you hold paid from your earnings and from your account.
If you hold the slip, show it as a proof.
it is not possible.
How much amount of medical Allowance (in salary) is exempted surrounded by F.Y. 2007-2008?
I am getting Rs. 15000/- as Medical Allowance from my employer. If I produce bills worth Rs. 14000/-, will I get exemption for Rs. 14000/- solely? Another question is whether I own to produce the medical bills to my employer or to I.T. department along with the return and also recount me what amount should appear in Form 16A surrounded by Medical Allowance column Rs. 15000/- or Rs. 14000/-.Also tell me what type of medical bills are exempted and from whom (means from M.D. doctor or M.B.B.s. or B.A.M.S.)Answers: Exempt will be Rs. 14,000
Bills to be produced to your employer - bill date should be on and after 01/04/2007
In form 16A, exemptions amount will be Rs. 14,000
Bills from any practicing doctor for any medical treatment, chemist shop will do. Bills for cosmetics is not allowed
This isn't a US export tax question. Please post surrounded by the appropriate area for your country.
What is the individual exemption for single filing if you claim 0 on paycheck. made 70,000 in 07?
Answers: I'm sorry but your question is not clear. What exactly are you asking? The value of a personal exemption is $3,400 for 2007. That's only loosely related to what you claim on Form W-4.
Exemption $3400, plus $5350 standard deduction if you don't itemize.