EXEMPTION OF INCOME TAX RET. 500000.00
This query is : Open
KAILASH KUMAR
(Querist)
09 July 2011
SIR,
PLS TEL ME THIS EXEMPTION LIMIT OF 500000.00 ON INCOME TAX RET(SALARIED)IS GROSS TOTAL AMOUNT OR NET TAXABLE AMOUNT(AFTER DEDUCTION 80C & OTHER DEDUCTION.
PLS TEL ME THIS EXEMPTION LIMIT OF 500000.00 ON INCOME TAX RET(SALARIED)IS GROSS TOTAL AMOUNT OR NET TAXABLE AMOUNT(AFTER DEDUCTION 80C & OTHER DEDUCTION.
CMA Shrikant
(Expert)
09 July 2011
Dear Kailash,
The exemption limit of Rs.500000 on net Taxable amount (after deduction 80C & other deduction)
The exemption limit of Rs.500000 on net Taxable amount (after deduction 80C & other deduction)
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