C.A
496 Points
Joined August 2008
The annual income shouls be above 1.80Lakhs, provided there are no investments U/s 80C. If they are any investments upto 1.00 lakh should also be taken into consideration.
To sum up the point of taxation would be above
1.80 L (Basic Exemption) + U/s 80C Invst (upto 1.00L)if any.