Partner at D P S A &... • 11m
AVOID this mistake WHILE taking deduction of interest (saving +fixed deposit)in your ITR🔴🔴🔴🔴🔴 Since ITR Season is around, highlighting common confusion ➡️For Individual & HUF - We can take a max deduction of 10,000 on interest from a savings a
See MoreHey I am on Medial • 5m
If your income is 12L, You pay 0 for the first 4L. From 4L - 8L i.e. next 4L, you pay 5% = 20,000. From 8L - 12 i.e. another 4L, you pay 10% = 40,000. Total Tax Payable= 60,000. Standard Deduction -75,000. So NO TAX FOR INCOME UP TO 12L. Get it?
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