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Tax returned on amount sent to dependents

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Tax returned on amount sent to dependents
Answer
4/16/09 3:28 PM
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,
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Re: Tax returned on amount sent to dependents
Answer
4/16/09 3:30 PM as a reply to mani bhatt.
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.
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Re: Tax returned on amount sent to dependents
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4/16/09 3:32 PM as a reply to mani bhatt.
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.
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Re: Tax returned on amount sent to dependents
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4/16/09 3:34 PM as a reply to mani bhatt.
i have answered in the other message
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Re: Tax returned on amount sent to dependents
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4/16/09 3:35 PM as a reply to mani bhatt.
Thanks very much Raj.
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