Income tax deduction for senior citizen

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This query is : Resolved

dheeraj kumar (Querist)

24 April 2014 Dear Sir

My father is a senior citizen. having below mentioned income
Pension Income 152000
rent Income 140000

what is his tax liability and how he can save that
he has no tax savings. no lic, no fixed deposit, no tuition fee no medical

but he incurs regular expenses on his medical requirments as he is heart patient and he has to go for regular checkups

can he claim these medical expenses

pl guide

thanks

Nikhil Kaushik

Nikhil Kaushik (Expert)

24 April 2014 effectively no tax liability.

Total income is Rs 292000

standard deduction for rent 30% ie 42000

total taxable income Rs 2.5 lakhs which is equal to exempted limit

dheeraj kumar

dheeraj kumar (Querist)

24 April 2014 THANKS
I HAVE ANOTHER QUERY

WE ARE MANUFACTURER OF FASTENERS IN PUNJAB
IF A COMPANY HAVING REGISTERED AT RAJASTHAN WANTS TO PURCHASE FASTENERS BUT WANTS THAT DELIVERY TO BE MADE TO ANOTHER COMPANY IN PUNJAB ITSELF HAVING TIN NO

NOW WHETHER VAT IS APPLICABLE OR CST IS APPLICABLE
AS THE REAL BUYER IS REGISTERED IN RAJASTHAN BUT ACTUAL DELIVERY IS MADE TO PARTY IN PUNJAB HAVING TIN NO

IS E-1 SALE RULE APPLICABLE HERE

Nikhil Kaushik

Nikhil Kaushik (Expert)

24 April 2014 i dont deal in cst friend..so someone else will have to answer this.