Tds on pension
This query is : Resolved
21 June 2013
How to calculate TDS on pension if the the pension or taxable income is more than 250,000/- say 290,000. Is it possible for a person of the age group of 60-80 can claim exemption limit of 250,000/- in the above said case? please give your opinion. please show the calculation.
thank you
thank you
22 June 2013
IF PENSION ABOVE RS. 250000/-
THEN INCOME TAX WILL 4000/- THAT IS 10% OF 40000/-
YES 250000/- EXEMPTION TO AVAILABLE IF AGE IS 60 YEAR DURING ANY TIME IN F Y 2012-13
THEN INCOME TAX WILL 4000/- THAT IS 10% OF 40000/-
YES 250000/- EXEMPTION TO AVAILABLE IF AGE IS 60 YEAR DURING ANY TIME IN F Y 2012-13
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Exiting partner in partnership firm in gst portal
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Difff in ais receipts and gst turnover
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- ITR-3 File/Error Found
- ASMT-10 received from A O
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
