30 December 2023
Dear Sir How much is the tax relief in the case of the following scenario ?
Fy 23-24 Gross income-10 lakhs Deductions-pf 1.5 lakhs and housing loan 1.5 lakhs and standard deduction 50000 Gross total of arrears of fy 22-23 received in fy 23-24-4 lakhs Deduction of pf from arrears-1 lakh
Fy 22-23 Gross income-7 lakhs Deductions-1 lakh pf and 50000 standard deduction
CAclubindia
