Hi Experts,
Pls explain abount below term '' Tax credit of Rs 2000 to be provided to every person to having income of up to Rs 5 lakh, this will benefit 1.8 crore people'''
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Tax credit rs. 2000 meaning
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Suppose your Tax Liability comes to Rs 5000 then a credit of Rs 2000 will be allowed to you
i.e. only 3000/- Rs will be payable
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