Salary Employees Installment Purchase Income Tax Question

by Amit Jain
(Bangalore)

Salary Employees Installment Purchase Income Tax Question

Salary Employees Installment Purchase Income Tax Question

I am working in IT company and am getting tax deduction on my whole salary .


I have purchased open land/plot on installments.do i need to declare the land amount?

I asked my account department and they have told that for salary employees not require to declare the plot amount as you are paying the tax on salary but not getting understand that how I can make my assets as i am not declaring the amount.

I am little bit confuse because now the plot rate is one lakh and I am sure after 2 year it would we near about three lakh and I have purchase 3 plots. So how I will be adding in my asset?

Please clear my query asap.

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Salary in hand

by Abhijeet
(Manchester)

How much will I get in hand after paying tax and pension etc if my yearly salary in 65000 GBP and yearly bonus is 15000 GBP?

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