Although i have been working for 12yrs but in 2014, I have worked only for 4 months i.e. from April to July and then i took sabbatical leaves.
My question is :(1)Do i still need to invest 1.50lacs under 80C to claim tax exemption, considering the fact that i worked & got salary for only 4 months ? (2) If yes, do i need to invest full 1.50lacs or can i invest equivalent amount of 4months only i.e. 50000/-
Thank You,