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    sajayan kondoth's Avatar
    sajayan kondoth Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 6, 2007, 02:57 AM
    Indian Income Tax
    Hi,

    My total income for the lastyear(2006-07) is 2,20,000.(I don't have PF and other deductins).I am a citizen of india.
    So 2,20,000 can be considered as the total income for an year.
    I am paying Rs:13,000 as Life Insurance.
    I have already deposited Rs:10,000 in PPF.
    How much more I have to invest in PPF to
    Have zero tax?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 6, 2007, 10:25 AM
    Sir:

    This is a question about the Indian Tax System.

    This forum is for U.S. tax questions, so I doubt you will get an answer!
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