One Reply to “Can I with taxable income 200000,invest 50000 in PPF,pay 15000 in mediclaim prem submit 15 G?”

  1. Gross Income – Exemptions/Deductions = Taxable Income.

    You don’t deduct anything from Taxable Income.

    If your total income during the previous year exceeded the maximum amount which is not chargeable to income-tax, then you are not eligible to submit Form 15G.

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