12 June 2008
If some one have an income of Rs. 2 lac in FY 07-08 (AY 08-09)from Salary. After making required investments as per IT Act his Income fall under 1.50 lac.
12 June 2008
form 16 is reqd since salary is more than basic margin of exemption limit which is rs 1.10 lac for men and Rs 1.45 lacs for women assessee below 65 yrs
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