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Regarding tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2011 I have 2 lac salary is it taxable?
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CA VISHAL RANA,CS,B.Com,AMFI

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CA VISHAL RANA,CS,B.Com,AMFI (Expert)
21 December 2011 Yes it is more than exemption slab which is Rs. 160000 for Individual and Rs. 190000 for resedent woman individual.

salary of Rs. 2 lac still taxable..you can save tax by get the deduction u/s 80C.
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Guest

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Guest (Expert)
21 December 2011 Dear Vishal Ji,

For A.y. 2012-2013, limit of male individual is 180000 instead of 160000.

Thanks.
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anurag

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anurag (Expert)
22 December 2011 Take exemtion of HRA, submit medical bills and chance are that u need not to submit your ITR.
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