banner_ad

Income tax ex-defence personnel employed in govt sector

Tax queries 437 views 1 replies

Mr. X. is an ex-army personnel, getting a certain amount say Rs. 2 Lakhs/- as pension per year.  He is now working in govt sector with a net annual emolument of Rs. 6 Lakhs and interest from fixed deposits is Rs. 2 Lakhs/- How the income tax will be calculated.Please explain. 

Replies (1)
Sir total income of Mr. X would be =200000+600000+200000=1000000. Out of 10 Lacks 1.5 Lacks deduction allowed under 80C and 10000 deduction allowed under section 80TTA for interest income. And if you invested in medical expenses then 20000 deduction allowed U/S 80D. Total income after deduction taxable income would be 820000. If any queries then fell free to call me 08059912995


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details