Hi, In some web pages the tax rebate is said to be eligible for persons getting 300000 as taxable income. Sjome web pages say, it is eligible upto 350000 taxable income, i.e after deduction from salary the deductions under 80c, But when i calculate thro the downloaded itr 1 from IT dept and also in the website calculator, zero income tax was shown in the calculate by system column.
Please say, if suppose, the taxable income is 340000 then will i have to pay the tax for 40000 at 2000 or nil tax
The clarification may also help others , so please answer with eg. The websites i browsed show like this
300000 taaxable income nil
310000 500 tec tec
Please give tax rebate for 2018 assessment year as well as 2019-20
CAclubindia
