Taxability of A Senior Citizen

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ipcc student
29 Points Posted on 27 October 2010

@ ankit : ok bro nd thnx 4 the help

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On 27 October 2010 at 21:20
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B.com CS student
156 Points Posted on 28 October 2010

agree with gaurav

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On 28 October 2010 at 13:28
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Tax Assistant (Accounting Technician CA
7802 Points Posted on 28 October 2010

e-Sahaayataa
Grievance Status : Resolved.
Grievance Remark(s) :
28/10/2010 Winnings of Rs.20,000 from lotteries is taxable at a flat rate of 30% plus 2% education cess and 1% SHEC, which works out to Rs.6,180. Since the balance income of Rs.2,30,000 (i.e. Rs.2,50,000 - 20,000) is less than the basic exemption limit of Rs.2,40,000, there would be no tax liability on such income.


Your Grievance Details
Grievance No. 001201022423BH
Activity BOS
Region Western
Name KALPESHKUMAR ASWINKUMAR CHAUHAN
Memebership/Registration No. WRO0215602
Grievance Type All matters related to students' Counselling and Co-ordination of IPCC Orientation Course
Grievance MR. jalpesh, A RESIDENT SENIOR CITIZEN WHOM TOTAL INCOME IS RS. 2,50,000. THIS INCOME INCLUDES "INCOME FROM WINNING FROM LOTTERIES" RS. 20,000. COMPUTE THE TAX LIABILITY OF MR. jalpesh FOR THE A.Y. 2010-2011.
Grievance Date 26/10/2010
Please click here if you want to reopen this grievance.

Frequently Asked Questions (FAQs) | Presentation - How to make use of e-sahaayaata
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On 28 October 2010 at 20:41
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Apprentice
73 Points Posted on 30 October 2010

Hi Friends

         I too tried using sahayata after your reference, seeking solution for an standard costing problem they insisted me to check my mail at the submission but i havent receive any mail.

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On 30 October 2010 at 10:51

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