What is Income Tax rate for "Estate PAN Holder" after deceased

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Quick Summary

Following a person's death, there isn't a specific income tax rate for an 'Estate PAN Holder'. Income generated by the estate, such as rental income, is taxed at the normal slab rates. The individual receiving the income, typically the legal heir or representative, is liable for paying this tax. Once the estate is distributed, the income is then usually added to the legal heir's or representative's own PAN.

Rajnish

Rajnish (Querist)

05 September 2022 Dear Sir,

Please guide what is income tax rate for "Estate PAN Holder" after deceased.

can we add the income to Legal representative?
or any other option?

please guide, your co-operation will be highly appreciated.

Regards
Rajnish

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

05 September 2022 There is no separate rate for estate holders of a deceased person.
After the distribution of the estate, the income from the estate is included in legal heirs/ representative's PAN.

Rajnish

Rajnish (Querist)

05 September 2022 Dear Sir,

Thanks for your reply.
If earned the income on Property i.e. Rent Income then before distribution of estate
who is liable to pay income tax?
Normal slab are applicable in tax calculation?

Please guide.

Regards
Rajnish

Regards
Rajnish

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

05 September 2022 The person who receives the rent is liable for income tax.
Yes, at normal slab rate.

Rajnish

Rajnish (Querist)

05 September 2022 Dear Sir,
Thanks for your quick reply.

Regards
Rajnish

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

05 September 2022 You are welcome..

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