07 May 2015
In Fy 14 15 pension received 319485 gratuity received 600000 arear pension received for fy 13 14 283107 interest earned 55000 investment . Let me know tax burden for the ay 15 16 and calculatio sheet .
Total Taxable income - 319485+283107+55000 U may be above 60 years . So net Taxable income after Std. deduction would be-- 657592-500000= 157592 Tax- 10% of 157592 = 15759/- Gratuity exempted from Tax.
CAclubindia
