medium10 pts · first answer countsincome-taxsalaries
Salary income under the new regime
An employee’s annual salary has basic pay ₹6,00,000, HRA ₹2,40,000 and special allowance ₹1,60,000. She pays rent and opts for the new regime. Assume a standard deduction of ₹75,000. What is her taxable income under the head salaries?
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