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Rental income

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 August 2013 my mother who is a senior citizen has a rental income of 234000 in a.y.2013-14 apart from family pension of 64000.what is her tax liability&is any portion of rental income exempt from tax.
urgency requested in view of last date tommorrow.
thanks
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 August 2013 Rental income covered under Income from house property and deduction u/s.24a& 24b can be claimed. family pension taxable income from other sources and 1/3rd of the pension or Rs.15000 which ever is lower is exempted.

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