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income tax

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(Querist)
30 July 2009 Is Rebate of 100000/- is applicable to people whose income above 10 lakhs or not?
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
30 July 2009 By rebate of Rs. 1,00,000.00, it is understood that you are refering to deduction under chapter VIA u/s 80C etc.

This deduction is available to all indivisual/huf, irrespective of level of income.
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Gokul

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Gokul (Expert)
01 October 2009 S Mr. Shyam is right
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