Income tax payment
This query is : Resolved
14 June 2018
FATHER IS A PENSIONER
HE IS A RETD GOVT STAFF
PENSION FOR THE FY IS INR 362619 AND INTEREST EARNED OF SAVINGS ACCOUNT IS INR 1673.
SO THE TOTAL INCOME COME TO 364292 .
AFTER 80TTA DEDUCTION TAX PAYABLE IS AROUND 3100.
IS THERE ANY DEDUCTION ELIGIBLE AS HE IS A SENOIR CITIZEN
THANKS...
HE IS A RETD GOVT STAFF
PENSION FOR THE FY IS INR 362619 AND INTEREST EARNED OF SAVINGS ACCOUNT IS INR 1673.
SO THE TOTAL INCOME COME TO 364292 .
AFTER 80TTA DEDUCTION TAX PAYABLE IS AROUND 3100.
IS THERE ANY DEDUCTION ELIGIBLE AS HE IS A SENOIR CITIZEN
THANKS...
14 June 2018
No, if his saving under 80C and 80D is there he can claim
Senior Citizens (above the age of 60 years and less than 80 years) are also eligible for a rebate under Section 87A. If your net taxable income below Rs.350000/-addition rebate maximum Rs.2500/-
Senior Citizens (above the age of 60 years and less than 80 years) are also eligible for a rebate under Section 87A. If your net taxable income below Rs.350000/-addition rebate maximum Rs.2500/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Copyright software
- SFT Cash Deposit in Current Account
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
