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deduction on income
why give deduction in income on slab rate??
Replies (4)
kindly clarify and elaborate your query....it is not understandable
why give deduction on income at dlab rate of sec 80c_80u?
deduction under Section 80C to 80U is given on Gross Total income.....After giving deduction you will get Net Taxable income on which u have to pay the taxes as per applicable slab rates
Deductions are allowed for benefit of individual and economy as a whole,
such deduction encourages savings in economy leads to money generation in the hands of Government and government undertakings
Indirectly government and assessee both get benefited bu deduction allowed
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