Tds on pension
This query is : Resolved
Unnikrishnan
(Querist)
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
Rupesh Jain
(Expert)
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
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