E-filling of return ay 2013-14
Querist : Anonymous
for the purpose of calculation of income limit of 5 lakhs: it is net taxable income under IT act ie income under salaries less interest on housing loan less deductions under section 80C.
Please check and reply
Querist : Anonymous
bank deducts the TDS @ 10% on interest on Fixed deposits. now when we add this income in our total income and we fall in the tax slab of upto 5 lakhs then what about the education cess& s h educ cess of 3%.
is the individual required to deposit this 3% on TDS deducted by bank on his own??
kindly check.
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
for a senior citizen who is of the age 60 years the exempted income is rs 250000 for FY 2012-13
for checking the age 60 years - which year do we need to check for calculating the age of 60 years ie at the time of filling of return or the year in which income is earned.
for eg, if a person is born on 25 jun 1953, will he be considered as senior citizen while filling the return (upto 31-7-13)of FY 2012-13.
kindly check and confirm
Querist : Anonymous
Querist : Anonymous
Hi,
suppose i have fixed deposit in two banks accounts:
1) bank1 = interest earned on 150000 @ 8% for FY 2012-13 = rs 12000
bank has deducted TDS @ 10% ie Rs 1200
2) bank2 =interest earned on 200000 @ 8% for FY 2012-13 = rs 16000
bank has deducted TDS @ 10% ie Rs 1600
total income from other sources is rs 28000 on which 2800 has been deducted as TDS.
Now can i claim a deduction of rs 10000 as tax free interest income from rs 28000 and then calculate the tax on 18000 only alongwith my salary income??
please confirm.
Querist : Anonymous
Interest on savings accounts will eligible for deduction u/s.80TTA. other interest will be taxable under Income from other sources
Querist : Anonymous
then while adding bank interest income in the income of the assesse under other heads then we need to pay tax on the FD bank interest income even if the amount is less than 10000.
Querist : Anonymous
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