500000 exemption for Gross total income?

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

asked Jul 21 '11 at 17:07 by Thennarasan Ganapathi 1111

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

answered Jul 23 '11 at 13:31 by Pankaj Batra 5.2k320


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Asked: Jul 21 '11 at 17:07

Seen: 2,332 times

Last updated: Jul 23 '11 at 13:31