Form 15H says: | ||
I further declare that the tax on my estimated total income including *income/incomes referred to in column 15 *and aggregate amount of *income/incomes referred to in column 17 computed in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending on ............ relevant to the assessment year ............ will be nil. |
What is meant by "the tax on estimated total income will be nil" ?
Does it mean, Total Tax liability [including Cess and Interest (if applicable)] after:
- Rebate u/s 87A (if applicable),
- Relief u/s 89(1) (if applicable),
- TDS adjustments (if any),
- Deduction of Self Assessment Tax paid (if applicable)
will be nil?