Income tax query

[Sebastian cs]

Sir, if i invest say 1 lakh a month from a salary of say 2 lakh from april 2017 to jan 2018 i.e in a period of 10 months i have invested 10 lakhs from my income of 20 lakhs and as of march 2018 the investment has lost its value and is about only 2 lakhs (i.e i have lost 8 lakhs) so would i have to pay Income tax for the entire 24 lakhs i earned or would i have to pay for 16 lakhs that i have??

AI Summary

Income Tax Clarification: Salary of 24 Lakhs Fully Taxable, Investment Losses Not Deductible Under Current Tax Rules An individual inquired whether they must pay income tax on their entire salary of 24 lakhs, despite losing 8 lakhs from investments made with their salary. Multiple respondents clarified that the entire salary is taxable under salary income, as the loss from investments cannot be offset against salary income. The investment loss does not qualify as a capital loss under tax regulations, and no exemptions apply to reduce the taxable salary amount. The individual expressed gratitude for the guidance received.