income tax

aman kumar (Querist) 07 October 2010 This query is : Resolved
what is the total rebate now ? including infrastructure bond . is its 15 thousand extra than one lac of normal rebat ??

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pawan sharma (Expert) 07 October 2010
Rs.1,60,000/-pf,ppf,lic etc. + 20,000/- on infrastructure bond .

Peeyush (Expert) 07 October 2010
Dear All,
For FY ending on March 31, 2011
Basic Exemption limit for men of less than 65 years of age is Rs. 160,000/-

Rebate on Investment in LIC/PPF/Tax Saving Mutual Fund/Investements in NSCs etc. is Rs. 100,000/-
Additional Rebate in investment in Infra bond is Rs. 20,000/- At present IDFC Infra development bond's issue is open the said issue will close on October 16, 2010.

Any other clarification may please be asked for

Peeyush
peeyush@indialiaison.com