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Tax exemption limit

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(Querist)
18 June 2015 If the employee come under the tax calculation and his date of retirement is 06/11/2015.

Total Net Taxable Income 329960/-
as per IT rule tax exemption limit for the F.Y. 250000 for full year.

So he will get the benefit of 250000 or 250000/8= 166667

so pleas reply me
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
18 June 2015 strange question. exemption limit is for the year. what has employment period has anything to do with it
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musabbir

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musabbir (Querist)
18 June 2015 he will be left during the financial year




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