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Income tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 April 2012 I am earnig RS 120000/ from Interest income for F.Y 2011-12. I have given form 15g for non deduction of TDs.MY income from business is RS80000/.I have invested Rs100000/ in PPF during 2011-12.What is my tax liability for year 2011-12.IS MY INCOME TAXABLE.
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
02 April 2012 Taxable income is 120,000 + 80,000 - 100,000 = Rs. 100,000.
So, tax liability = 0.

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