Menu
Itr-1
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
Recent Threads
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
Related Threads
CAclubindia
