Need advise if 15h can be submitted?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 July 2013
Sir,
Case:
Senior Citizen.
Pension in a F/Y:120000
Interest accured from Bank FD: 150000
Total Income: 270000
Now in FY 2013-14
As standard deduction is 250000
And 87A Says tax credit max 2000
Can I Submit 15H in bank to avoid TDS.
Is my Income Taxable?
Case:
Senior Citizen.
Pension in a F/Y:120000
Interest accured from Bank FD: 150000
Total Income: 270000
Now in FY 2013-14
As standard deduction is 250000
And 87A Says tax credit max 2000
Can I Submit 15H in bank to avoid TDS.
Is my Income Taxable?
14 July 2013
Only condition for submission of form 15H is Final tax on estimate total income computed as per provisions of incometax is nil.
if your total income is 270000
After considering 87A deduction your final tax liability is zero.
So you are eligible to submit form 15H
Thanks & regards
Ganesh babu k
if your total income is 270000
After considering 87A deduction your final tax liability is zero.
So you are eligible to submit form 15H
Thanks & regards
Ganesh babu k
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