Hi All,
What is the Annul Income of the Woman should be to pay a tax?
Rushikesh
(Chartered Accountant - Manager Finance)
(2375 Points)
Replied 18 August 2008
Do you mean the basic exemption limit?
It is Rs.1.80 lakhs for FY 2008-09
Manish Bhandari
(C.A)
(496 Points)
Replied 18 August 2008
The annual income shouls be above 1.80Lakhs, provided there are no investments U/s 80C. If they are any investments upto 1.00 lakh should also be taken into consideration.
To sum up the point of taxation would be above
1.80 L (Basic Exemption) + U/s 80C Invst (upto 1.00L)if any.
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