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EXEMPTION OF INCOME TAX RET. 500000.00

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(Querist)
09 July 2011 SIR,
PLS TEL ME THIS EXEMPTION LIMIT OF 500000.00 ON INCOME TAX RET(SALARIED)IS GROSS TOTAL AMOUNT OR NET TAXABLE AMOUNT(AFTER DEDUCTION 80C & OTHER DEDUCTION.
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CMA Shrikant

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CMA Shrikant (Expert)
09 July 2011 Dear Kailash,

The exemption limit of Rs.500000 on net Taxable amount (after deduction 80C & other deduction)

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