1. What was the main effect of choosing the 115BAC regime on the Chapter VI-A deductions shown in the computation?
2. Which deduction was calculated as 50% of a ₹10,000 donation in the shown computation?
3. In the optional salary regime case, what standard deduction was applied from gross salary to arrive at taxable salary?
Deductions — section 80C limit?
₹1,50,000 maximum deduction.
Salary under optional regime — deductions?
No Chapter VI-A deductions allowed.
Default regime — salary components?
Includes basic, DA, bonus, employer PF, profession tax.
House property income — starting point?
Based on municipal value, fair rent, or standard rent.
Section 115BAC — effect on deductions?
Disallows Chapter VI-A deductions, increasing taxable income.
Perquisite value — rent-free accommodation?
10% of salary for occupation months, here 4 months.
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