how to calculate?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 August 2010
Respected Sir,
I am getting pension of Rs.17000/- per month and the interest income from the post office on my and my wife's name of Rs.6000/- , so how much income tax and how to calculate this income for the year 2010-11.
Waitinf for a missive form you.
Pravesh Victor Macwan
Gujarat, Anand.
I am getting pension of Rs.17000/- per month and the interest income from the post office on my and my wife's name of Rs.6000/- , so how much income tax and how to calculate this income for the year 2010-11.
Waitinf for a missive form you.
Pravesh Victor Macwan
Gujarat, Anand.
20 August 2010
Total Pension 204000
Interest 72000
Total =276000
You are getting pension, hence assuming you are senior citizen i.e attained 65 year age during the year 2010-11.
Exemption limit for senior citizen is 240000/-
IF no investment u/s 80 C
then tax liablity =
10% plus education cess 2% on 36000/=3672/
Interest 72000
Total =276000
You are getting pension, hence assuming you are senior citizen i.e attained 65 year age during the year 2010-11.
Exemption limit for senior citizen is 240000/-
IF no investment u/s 80 C
then tax liablity =
10% plus education cess 2% on 36000/=3672/
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