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net taxable income
sir in this AY i have to show deduction under section 80GG. now what will be the net taxable income for the said year.. e. g. after minus 80GG or including 80GG
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Gross income minus all such deductions u/c VIA, or say deduction u/s. 80GG will be net taxable income.......
thank u sir
No such specified limit
For the income above 2,50,000 all individuals are liable to file and pay tax as per income tax act
Most Welcome .......
Your Question is for Calculating Qualifing Amount for 80GG Deduction Follow the below mentioned Equation
The adjusted total income means :-
Gross Total Income
Less, Long Term Capital Gain, Short Term Capital Gain of 10% category, Deductions under sections 80C to 80U except section 80GG and income of foreign company.
no sir I have calculated 80GG amount now i have to file form 10E for arrears so my question was for net taxable income for 10E form is after deducting 80GG amount or including that amount
if you are a salaried employee and in receipt of hra, you cannot claim 80gg
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