RE:My taxable income
by dhananjay wadikar on Jan 09, 2008 01:00 PM

Friends,
Above article is very old.
Now the Tax free limit is 1,00,000.
for example, in this case income is 2,50,000;
Taxable income is 2.5lakh-1lakh=1.5lakh.
You can get rid of tax under section 80C. alos consider ur HRA.

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