what is threshold limit & exemption limit in income tax & service tax ??
vishwanath
( )
(46 Points)
Replied 02 February 2013
basic exemption limit for income tax is 2,00,000 for male and female
2,50,000 for senior citizen ( age of 60 or above)
5,00,000 for super senior citizen (age of 80 above)
service tax exemption limit is of rs 10,00,000
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