What are the various ways of savings to avoid income tax?

My gross salary is 21000/month. How much further saving do i need to avoid Income Tax.?

  • Present annual savings (lic 14010+PF deduction 18900) = 32910/- only. Children edu. fee = 250/ month HRA= 3500/ MONTH ( EXTRA amount paid by company not included in gross amount) ...show more

  • Answer:

    If you make $21,000 a month, get a professional accountant to work for you. If you are really banking that much, you can afford it.

B2JO4UZ5EDNCGIAMMZBBINFKFM at Yahoo! Answers Visit the source

Was this solution helpful to you?

Other answers

You mean show much more do you have to spend, the more you "save" the more tax you pay. Infact the more you spend you also pay "sales tax", either way your screwed.

jason0423

Related Q & A:

Just Added Q & A:

Find solution

For every problem there is a solution! Proved by Solucija.

  • Got an issue and looking for advice?

  • Ask Solucija to search every corner of the Web for help.

  • Get workable solutions and helpful tips in a moment.

Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.