for A.Y. 2010-11. calculation of tax If Assesse is Female
Profir from speculation transaction:- 300000
LIC Premium Paid 100000
Deduction available u/s 80-U =100000
what will be income tax on Rs. 200000 or is deduction availble u/s 80-U to assesse. she has a prescribed certificate from doctor.
Deduction of 80 U will be available to the Assessee.
Therefore, Income will be Rs.100000 that is below the Exemption limit i.e.,1.90 Lakhs
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