Hi
May i know i 2 avoid Income Tax.I am getting 1,20,000PA
and a house rent of 5000PM,and profit from Agriculture
Income of 80,000.Is agriculture Income taken into
consideration.If so how 2 calculate further & how much will
b the Income TaxI will b getting.
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Answer Posted / shilpalatha
Hi,
you cannot avoid tax but, you can reduce it by payinfg
towards insurance policy etc,agricultural income is taken
into consideration but it is exempted upto 50000
| Is This Answer Correct ? | 9 Yes | 1 No |
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