Income tax deduction


This query is : Resolved 

07 May 2014 my total income is 3,10,000 rs. and pf is 96,000 rs. then how much tax should be deducted

08 May 2014 nil tax. taxable income: Rs 1.14 lakhs. tax thereon Rs 1400, rebate under 87A 1400. tax payable Nil.

08 May 2014 No tax because your income is below slab rate

08 May 2014 Dear Bharat,

please note that the incoem is above slab rate. the tax liability is nil because of rebate under 87A.


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