Income Tax for Income below Rs. 10 Lakhs

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  1. Neeraj Pant

    Neeraj Pant New Member

    Respected Sir,
    I am a tax payer my annual income for year 2016-17 is Rs.750000 .My savings are under 80 C is 150000
    What will be my income tax for the year? How can save more and under what section
    Please suggest easy solutions.
    I am a very simple guy.
    How can I take services of a CA
     
  2. Neelam Chhalani

    Neelam Chhalani New Member

    Assuming 7.5 lacs is your Gross Total Income and 1.5 lacs are the total deductions, your total tax liability would be Rs. 4,635. You can also calculate your tax liability by properly filling all the information and using income tax calculator given on below link:

    http://www.incometaxindia.gov.in/pages/tools/income-tax-calculator.aspx

    You can find a CA in your area using service of Justdial / Sulekha. I am a CA in Mumbai area.
     
    Neeraj Pant likes this.
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