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Queries Participated

advharshavardhan   12 years ago

Road roller broke wall

Hi,

Today one person driving road roller lost his control and broke our compound wall.... what legal action should i take first...... no FIR filled yet......

advharshavardhan   12 years ago

Partnership registration process



What is the procedure for registration of the partnership firm............ what is the approx. duration required for complete formation......

Yeshwant   12 years ago

Career

Hi,
Currently i am doing LLB. Can anybody tell us next what to do?

Note, currently i am doing private job also.

Regard,
Yeshwant.

surjit singh   12 years ago

Calculation of income tax on gross or net income

My query is whether income tax is calculated on net or gross. illustration follows
A is getting a yearly salary of 4,00,000/-. He has invested in insurance of 50,000 yearly.
He pays for children school fee Rs. 50,000/- yearly.
He pay house rent of Rs.80,000/- per year.

He has paid about 25,000/- for his medical expenses in the present year.
WHAT WILL BE HIS INCOME TAX PAYABLE AMOUNT. KINDLY WITH ILLUSTRATION IN DETAIL.