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Income tax 2020-2021

This query is : Resolved 

Dear Sir

Can i need to pay income tax may annual income is rs.624000/- in which i have deposit RS.150000/- In PPF account.

No income tax liability, in case you have net income less than 5L,

You need to pay income tax on income exceeding 5 lacs. No deduction allowed when you choose new scheme of 5 lacs exemption.
@ Ankit Neema correct your reply.



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