Sir i take my Salary 20000/- PM from a Pvt Ltd Company including hra Rs.3000/- PM and I paid my House Rent?
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and i paid my rent 4000/- PM and also paid tution fees 12600/- P.A please tel me how to calculate my tax computaion. thanks
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Answer:
Your annual income itself Rs.2.4 lakhs. Just by making some investments in LIC you can be totally free from paying income tax.
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