Budget 2014 –
Implications Income Taz Rebate Retained is meaning Total Income upto which 0 Tax Rs.2. 7 lakh
In addition to Rs. 2.5 lakh exemption, the income tax rebate of Rs. 2060 for an assessee having income upto Rs. 5 lakh is retained in the 2014-15 budget, meaning there is no tax till the income is Rs. 2.7 lakh
Exemption upto:
|
Rs. 2.5 lakh
|
Rs. 2060 rebate for additional income
|
Rs. 20,000
|
Total Income upto which ZERO Tax
|
Rs.2. 7 lakh
|
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