im a salaried person and my gross salary is 12.86 lakhs. my net taxable income is 7.67 lakhs and as per old tax slabs my tax liability would be approx 68600/-
need clarification wrt new optional tax slabs. Whether all tax exemptions would be applicable for me, as my gross salary is less than Rs.15 lakhs. if not which all are the exemptions which could be shown in the revised and optional tax calculation method.
Pls share approx tax to be paid as per new tax slabs....(fyi my Provident fund contribution per year is Rs.1.07 lakhs)
CAclubindia
