Income Tax 2011-12 Slabs
Income Tax 201-12 Slabs for different categories depending on Annual Income is given below
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Income Tax 201-12 Slabs for different categories depending on Annual Income is given below
I would like to know what are the exemptions available under section 80C of IT Act? And what is the limit of savings under section 80c ?
Least of the following is exempted from HRA Received
1)HRA received
2) House rent paid minus 10 % of salary(salary means basic plus dp plus da if term of employment so provides)
- 50% of salary(same meaning as above)in case of rented house situated in Bombay,Madras,Delhi or calcutta
-40 % of salary ,if rented house is situated in any other places
You can claim deduction u/s 80DD if:
Income Tax 2010-11 Slabs