Tax liability regarding prbs

Tax queries 462 views 1 replies

Hi All,
The Following is the PRBS Break up

Financial Year                Amount of Contribution

  2006-07-                           6,332.40


  2007-08-                          25,947.09


  2008-09-                           29,026.80


  2009-10-                           33,049


  2010-11-                           38,583


  2011-12-                           44,338

 

  2012-13-                           49,767


I Think Up to FY:2009-10 it is Exempted from tax liability.From fy:2010-11 to 2012-13 it is exempt up to 1 lakh.My Doubt is 1 lakh of exemption is for each year are it is a cumulative exemption.


Thanks in Advance.

Replies (1)

Sir If Income from NRI 

 Income is Exemped 

For Only Reporting Purpose Which Income tax return i file


CCI Pro

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