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NON PAYMENT OF ADVANCED TAX
sir sister get salary 430000 PA and also get family pension about 64000 PM = 768000 PA which is transfer to her bank account. without any TDS deduction now when i try to fill ITR-1 online interest is lavy for non payment of advanced tax. please help me what do regarding the interest penalty. also can i exclude the family pension from the total income? and pay tax only on salary income?
Replies (1)
1/3 PENSION IS NOT TAXABLE AND BALANCE 42,667 IS TAXABLE IN OUR HANDS
AND U HAVE TO PAY INTEREST
TOTAL TAXABLE INCOME RS 4,72,667
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