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Rent

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Guest

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Guest (Querist)
02 September 2015 Dear Sir, If rent is receiving by a Senior Citizen of Rs 300000 per year, it is chargeable to tax?
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S. Harsha

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S. Harsha (Expert)
02 September 2015 If a ssenior citizen then up to Rs.3,00,000 (all incomes earned during the year) there will be no income tax.

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