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Dedcuction from inocme tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 February 2012 what is the maximum deduction can an individual assesse is eligable from it.
please mention with sections & limits.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 February 2012 Presently Basic exemption Rs.1.90 lakhs for womens & 2.40 lakhs for senior citizen & 1.80 for others. other deductions and exemption based on your income head and nature of deduction under chapter VI-A

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