I HAVE GROSS INCOME OF 348500 AND I HAVE PAY LIFE INSU. PRIMIYAM OF 150000 FOR THE F.Y.2018-19, SO MY NET INCOME IS BELLOW 250000,
IN THIS CASE 234F PENELTY RS.1000 IS APPLICABLE OR NOT
MY QUESTION IS THAT 234F PENELTY IS APPLICABLE ON GROSS INCOME OR NET INCOME