Advance tax
This query is : Resolved
09 September 2015
a person who is senior citizen having income from house property is liable to pay advance tax?
10 September 2015
Senior Citizen:
Age - 60 yr but below 80 yrs.- Upto 3 lakhs - No tax.
Age above 80 yrs. - All such income including House Income - upto 5 lakhs , no tax.
In above relation , he should pay advance tax , if tax liability is more than 10000/-
Age - 60 yr but below 80 yrs.- Upto 3 lakhs - No tax.
Age above 80 yrs. - All such income including House Income - upto 5 lakhs , no tax.
In above relation , he should pay advance tax , if tax liability is more than 10000/-
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