15 July 2013
Greeting to all, I am an individual, I am running tution class and my groos receipts is Rs. 4Lacs in FY.12-13. Pls. let me know which ITR Form should I use. and how can i derive my taxable income. I have invsted Rs.1 Lac in PPF also. could I take benefit of 80C.
15 July 2013
you need to file ITR 4 ..and you can claim exeamption of 1 lakhs as contribution to PF. So your taxable income comes to 3 lakhs where there is basic exemption of 2 lakhs. so you fall in 10% bracket
CAclubindia
