clarification, Income Tax

[MADHUSOODANAN P]

Sir what is the relaxation amount of income tax? is it Rs.1.80 lakhs per year or above that?

Posts / Replies

[Vivek Harsh]

The following amount are exempt for A/Y 2012-13

for men age less than 60 year upto 1,80,000

for Women age less than 60 year upto 1,90,000

for Individual  age more  than 60 year upto 2,50,000

for Individual  age more  than 80 year upto 5,00,000