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09 September 2015 Sir, If i earn as gross salary Rs45670as Gross salary for financial year 1986-87. For tax treatment should i deduct the standered deduction firstly than i will proceed to take benifite of 88. Kindly sugesst me how much tax i would pay if my investment was only 12400.

10 September 2015 NO standard Deduction . No 88 benifit

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