You need to be logged in to get access to the forums. You can do so here.

Tax returned on amount sent to dependents

Message

Author

 

Posted on 16.04.2009 12:28

Tax returned on amount sent to dependents

I would be very thankful if some one can please let me know what percentage of tax you get when you send your dependents Euro 1920@160 per month. Do you get full amount 1920 euro at the end of year or do you get some percentage of this money. What if instead of 1920 you send 4000 each person. Thanks,

manee2k

Member since 16.04.2009

 

Posted on 16.04.2009 12:30

Re: Tax returned on amount sent to dependents

You can send 40,000 Euros to your parent, but the gov takes into consideration only 1920 for India. If your parents live in europe then upt 7000 Euros per person is possible.

raj

Member since 27.01.2004

 

Posted on 16.04.2009 12:32

Re: Tax returned on amount sent to dependents

Thanks raj but my question is that what amount do you get back. Do you get 1920 Euro after claiming tax or you only get some percentage of it.

manee2k

Member since 16.04.2009

 

Posted on 16.04.2009 12:34

Re: Tax returned on amount sent to dependents

i have answered in the other message

raj

Member since 27.01.2004

 

Posted on 16.04.2009 12:35

Re: Tax returned on amount sent to dependents

Thanks very much Raj.

manee2k

Member since 16.04.2009