What is the 2010 tax exemption limit?

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What is the 2010 tax exemption limit?

Does anyone know the tax exemption limit for a single resident in the US. I remember in high school that my law teacher said it was around $4,600 but I can’t seem to find any information now. The only thing coming up is exemption on lowering your taxes. I’m referring to the maximum amount you can earn, without paying taxes, and still check the exemption box on your 1040. I’m assuming it’s around $5500 but just wanted to check so I don’t screw myself next tax return...

Answer:

for 2009 the personal exemption was $3650 and the standard deduction $5700 and I believe this will remain...

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Answer:

Gratuity up to Rs 3.5 lakhs is non taxable in general. The limit for govt employees is Rs 10 lakhs....

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Service tax exemption limit for 2010-11?

I am working as a Consultatnt, i just wanted to know the exemption limit for this financial year 2010-11.

Answer:

For Financial Year 2009-10, The Service Tax exemption limit was Rs. 5,00,000/- for all categories. I...

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Income Tax India -When is the new basic income tax exemption limit going to come in effect?

As per Chidambarams new basic income tax exemption limit when is it going to come into effect? Will the the new government if changed from existing one will have any problem in continuing with the chidambarams budget?

Answer:

For financial year 2008-09, read this http://mytaxes.in/index.php?topic=7.0 For FY 2007-08 (return due...

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Is there any limit for House Rent to avail the Income Tax exemption in India without providing the receipts..?

I heard that if the House Rent is below Rs. 3000 per month then there is no necessity to provide the Rent Receipt to the company... Is it true..??? Is there any limit for House rent to avail the tax deductions while filing the Income Tax returns in India...

Answer:

It is mandatory to give copies of rent reciepts irrespective of the amount paid The HRA is calculated...

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This is a question pertaining to the Rs 1,00,000 tax exemption limit for salaried class.?

My dad works as a senior manager(fin & Admn) in an MNC. He wants to invest Rs 1,00,000 in insurance this year & divide them between car, house, life & health insurance investments. Will he get full 1,00,000 tax exemption even after investing...

Answer:

answer of my life is correct . premium paid to vehical and proporty will not get examption. premium...

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But i heard that for women's Tax Exemption limit is?

but i heard that for women's Tax Exemption limit is Rs1,50,000 for A.Y 2007-08 so if my income for Yr2007-08 is 1,45,000p.a. i guess i am tax exempt??????

Answer:

No. The taxable income exemption limit for women is 1,35,000. You are subject to tax for the rest 1...

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What is the Income tax exemption limit in Ontario?

What is the income limit for which you don't have to declare in your income tax return? I only earned a bit over $7000 as a self-employed last year but I'm unsure if I have to declare it or not. I know there is a limit on the amount you don't have to...

Answer:

You have to declare all of your income on your return. You're likely to not have to pay taxes on that...

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What should be the amount of service tax payable on rent if the amount of rent is beyond exemption limit ? ?

Exemption limit is Rs.Eight lacs.If the amount received is Rs.8,10,000/- whether tax is payable on RS.10,000/- or on the entire amount of Rs.8,10,000/- ?

Answer:

As per my understanding service tax will not be payable on the first Rs. 8,00,000 received and will...

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Answer:

4 lac

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