Menu
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
Recent Topics :
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
- CAPITAL GAIN REG
- Built a simple tool to automate client document fo
- Capital Gain on Sale of SRA Allotted Flat Received
- Discrepancy in Auto populated figures in GSTR1 of
- What should I do after receiving a GST Show Cause
- Discuss and Download CA Inter Question Paper Septe
Related Topics :
CAclubindia
