2000rs rebet available to which group of income

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Mayur (Querist)
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04 January 2014 Gross income 500000 without any claim of deduction 1 lakh or 500000 after claiming deduction? Which 5 lakh limi ? How to claim

Mayur (Querist)
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04 January 2014 If gross income 570000rs.deduction 100000rs. So can i claim 2000 relief? Plz fast

@VaibhavJ (Expert)
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04 January 2014 Hi

Its available on net taxable salary.

Thanks

Mayur (Querist)
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05 January 2014 Means 570000-100000-200000=270000.this 270000 shall be compared to 500000 limit for 2000rs relief

Mayur (Querist)
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05 January 2014 Means 570000-100000-200000=270000.this 270000 shall be compared to 500000 limit for 2000rs relief

Mayur (Querist)
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05 January 2014 Means 570000-100000-200000=270000.this 270000 shall be compared to 500000 limit for 2000rs relief

@VaibhavJ (Expert)
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05 January 2014 Yes

You have to calculate tax on oncome if it is less then 2000 then tax amount is nil else rebate of rs 2000

Thanks

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