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  1. You get the complete saving limit of 1 lakh, since it covers the complete financial year. So in the first year, you end up paying less tax (or perhaps no tax at all)




  2. Taxable income is your earning during the year, It does not matter you earned it during the whole year or part of it. If you are employed for six months only and not earning any thing for remaining six months. First six months income will be your income for the whole year.


  3. hi dude….the government is not bothered with your work attendence …. ( juz 1 month or whole year ) .they are only concerned with how much u hav earned in a financial year ok………………..