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RE:Can any one guide me please?
by kaushick mallick on Jul 27, 2008 12:12 PM

As the total income considering the share trading profit comes to Rs130000/- and after deduction under section 80E of Rs.25000/- [10000/- for PPF under section 80C and 15000 under section 80D for Mediclaim premium], your total taxable income comes to Rs.105000/- which is below the threshold limit of Rs.110000/- for paying any Income Tax - you do not have to pay tax.

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Filing tax returns? A step-by-step guide