500000 exemption for Gross total income?

Thennarasan Ganapathi 1
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hi Please clarify whether 500000 exemption for Gross total income or Taxable Total income (After deduction all 80C, 80CC etc )?

tax-slabs tax-rate senior-citizen income-tax
1 Answers

I believe you are asking about tax slab for very senior citizen persons from FY 2011-12.

5 lakh exemption is available after all deduction under 80-C, 80-D, 80-CC etc.

Read more on: Income Tax Calculator for 2011-2012

Pankaj Batra5212
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