I am receiving monthly compensation for Rs.15000/- on contractual service. What amount would be the p.tax dedu

Question

I am receiving monthly compensation for Rs.15000/- on contractual service. What amount would be the p.tax dedu

Answer 1

Do you want to know professional tax?

It is by state, so which city are you in?

For information on your Income Tax return and to download the forms, go to http://mytaxes.in/index.php?topic=32.0.

If you want to file online, read http://mytaxes.in/index.php?topic=94.0

Answer 2

Income Tax exemption limit is Rs.150000/- and you can claim exemption on further saving of Rs.100000/- in specified schemes for the year.