Regarding tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 December 2011 I have 2 lac salary is it taxable?

21 December 2011 Yes it is more than exemption slab which is Rs. 160000 for Individual and Rs. 190000 for resedent woman individual.

salary of Rs. 2 lac still taxable..you can save tax by get the deduction u/s 80C.

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21 December 2011 Dear Vishal Ji,

For A.y. 2012-2013, limit of male individual is 180000 instead of 160000.

Thanks.


22 December 2011 Take exemtion of HRA, submit medical bills and chance are that u need not to submit your ITR.



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