Calculation
This query is : Resolved
24 September 2014
how to calculate tax on income of senior citizen please provide me detailed calculation
Nikhil Kaushik
(Expert)
24 September 2014
please refer https://taxguru.in/income-tax/what-are-the-tax-benefits-available-to-senior-citizens.html
https://finotax.com/income-tax/slabs-next#i31a
https://finotax.com/income-tax/slabs-next#i31a
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24 September 2014
i want to know with exapmle like if taxable income of senior citizen is 600000 then how will you calculate tax liability?
Nikhil Kaushik
(Expert)
25 September 2014
Trisha,
income computation remains same as it is for any other assessee except for tax slabs, and other factors such as 234B 234C liability etc.
please refer this calculator https://finotax.com/income-tax/calc
income computation remains same as it is for any other assessee except for tax slabs, and other factors such as 234B 234C liability etc.
please refer this calculator https://finotax.com/income-tax/calc
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