Income tax 2020-2021
This query is : Resolved
Quick Summary
Vaneet Monga
(Querist)
05 August 2021
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.
Can i need to pay income tax may annual income is rs.624000/- in which i have deposit RS.150000/- In PPF account.
Ankit Neema
(Expert)
05 August 2021
No income tax liability, in case you have net income less than 5L,
CA R SEETHARAMAN
(Expert)
05 August 2021
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.
@ Ankit Neema correct your reply.
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