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Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2013 a person is a senior citizen and his total income in nearly 3 lakhs...what will be his tax liability??and in order to avoid tax burden where can he invest the income???his taxable income is nearly 60,000....
please help....
please send reply as soon as possible
thanx
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
23 June 2013 yes. you can opt any investment eligible under sec.80C till Rs. 1 lakh
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CS RAJESH C.CHOUDHARY

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CS RAJESH C.CHOUDHARY (Expert)
24 June 2013 1 Lakh is the Limit U/S80C
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