Tax Liability Incase of NR

301 views
User Avatar

31 Points Posted on 21 August 2022
If a person is Senior Citizen
Has taxable income of 4,50,000
But he is NR.

SO
Tax should be
10,000 OR 7,500

Because NR will not get exemption of 3L or 5L.
1 Reply Share Follow
On 21 August 2022 at 23:54 Report
Replies (6)
Quick Summary
This discussion clarifies the tax liability for a Non-Resident (NR) senior citizen with a taxable income of ₹4,50,000. Unlike resident senior citizens, NR individuals do not benefit from the higher income tax exemption limits of ₹3 lakh or ₹5 lakh. Therefore, their tax liability is calculated based on the general exemption limit, resulting in a tax of ₹10,000 plus a 4% cess.

User Avatar

Chartered Accountant
86505 Points Posted on 22 August 2022
Nil tax
4 Reply
On 22 August 2022 at 05:51
User Avatar

SEO Sai Gr. Hosp.
212441 Points Posted on 22 August 2022

It seems, She missed the word NR.

Tax liability Rs. 10,000/- + 4% cess...

2 Reply
On 22 August 2022 at 12:28
User Avatar

Chartered Accountant
86505 Points Posted on 22 August 2022
Thanks to update Dhirajlal Rambhia Sir. (I missed NR)

Tax will be 10000+cess
2 Reply
On 22 August 2022 at 22:03
User Avatar

SEO Sai Gr. Hosp.
212441 Points Posted on 23 August 2022

Welcome Dear.......

Its common, when workload is more........

Good Luck...

1 Reply
On 23 August 2022 at 12:18
User Avatar

Chartered Accountant
86505 Points Posted on 23 August 2022
Thank You Sir.
3 Reply
On 23 August 2022 at 20:08
User Avatar

SEO Sai Gr. Hosp.
212441 Points Posted on 23 August 2022

Most welcome ....               

3 Reply
On 23 August 2022 at 20:13

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Income Tax Auditor Tenure for Small Companies
  2. Sec 8 company sec 12ab reg
  3. AIS Password: How to Open Your AIS PDF?
  4. Interview Questions
  5. ITR Filing Last Date 2026
  6. Tds - filing Conso File for tax year 2026-27
  7. ITR-3 Filing For AY 2026-27 - Tips
  8. Capital Gain on sale of Depreciated Factory Gala
  9. Interesting Observation from a Recent Income Tax S
  10. ITR 3 Utility Not Taking Marginal Relief on Net To

More recent discussions | Post

Related Topics :

Loading
Follow