Dear All
For a salarid person what is the minimum amount exempeted from IT (Last year it was 1 lakh) and how much one can invest for tax savings (last year it was 1 lakh) for this year's income (April 2009-March 2010 income) I have to calculate my TDS.
Regards
Kannan
exemption -150000
deduction (80C) - 100000
exemption for Men -150000
exemption for resident woman-180000
Deduction (80C) - 100000
Someone said the savings under 80C is 110000. Is it so? Please.
CAclubindia
