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age 78 Pensioner pension 5 20,000(but exempt section 10(19) and rental income 320000. kya tax banega or pension show hogi kya itr me
Replies (3)
No tax payable on this. After 30% Std deduction, the income comes out to be 224000. This is less than max exempted from tax that is 3.0L in this case.
in case u had already considered Std ded and income was 320000, still no tax as Rebate from 87A will be applicable.
in case u had already considered Std ded and income was 320000, still no tax as Rebate from 87A will be applicable.
you can show Pension in the schedule EI in ITR2
thanks
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