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If Mr.ABC's Taxable income is 3Lakh , than his Auditor telling he need to pay 22,000Rs tax in FY 2018-19, so if he invest 50k or 1 Lakh in ELSS Mutual funds, than how much tax he will save ?
Please find the tax calculation for FY 2018-19 and AY 2019-20
IN your case 250,000 is charged at 5% and 50,000 at 20% assuming 0 Investment in ELSS.
Incase of investment of 50,000 in ELSS , 250,000 is calculated at 5%
23400-13000 = 10,400
23400-10400 = 13,000
Required, but never shown
9 days ago
8 days ago