Can some one throw more light on this purchase of laptop/computer tax benefits in KPMG..we can avail 1 lak over the period of 36 months...does this mean every year I save a tax of 33,333 ? Is it like I am getting a free laptop as I would have saved tax of 1 lak ? #kpmg

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Nahi Bhai. Your taxable income will be lowered by 1 lakh. It doesn't mean you save 1 lakh tax.

No. Let me give you an example to understand.
If your taxable income is 12lpa and if you deduct this 1 lakh then your taxable income will be 11 lakh. So you will save the tax on that 1 lakh which is reduced because of this and not all 1 lakh.

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