Confution in budget news..
This query is : Resolved
ARJAV SANGHVI
(Querist)
25 July 2014
Sir, i have 1 doubt about budget news...
Sir if my income is rs. 5lakhs, sir i claimed deduction u/s 80C for Rs. 1.5lakhs and i also claimed for PPF for Rs. 1.5lakh, than my net income become Rs.2lakh.and i m not paid income tax as per budget news.
Sir is this correct calculation of income tax??
Please reply. I m very confused about that...
Thank u
25 July 2014
sec 80C and ppf for both only once u get 1.5 lakhs not 2 times
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