Tax Credit

POSTED BY Neeraj Agrawal ON February 28, 2013 8:52 pm ONE COMMENT

As declared in the budget 2013-14: A Rs 2,000 credit back will be given to income tax payers in lower income group of Rs 2-5 lacs.

What exactly is this Tax credit? Is there a procedure to get this or it simply means that Rs. 2000 will be deducted out of my total tax liability

Thanks in advance



One reply on this article “Tax Credit”

  1. Dear Neeraj, please wait for some more clarification from the Govt. on the issue. Jumping off so quickly ‘ll not solve the problem.



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