The conversation between human and AI assistant.
If a house wife who is income tax payee deposits Rs 2.5 lacs in her a/c, will this income is exempted?
Okay, thank you. Are there any exceptions or deductions that she can claim?
Yes, housewives can claim deductions under Section 80C for investments in things like Provident Fund and Life Insurance, as well as deductions for medical expenses under Section 80D.