can somebody advice me about calculation of incometax 16-17 AY (15-16) if the total nearly 4.69lacs. for Sr. cit. age 62 yrs. how much income tax i have to pay so enable me to to pay in the bank as self assessed tax. more
Senior Citizen income is exempt up to Rs. 3.00 lac and over and above Rs. 3.00 lac tax rate is @ 10%. If you have any LIC or any payment made to be adjusted under section 80 - C , kindly adjust the same. If no amount is to be deductible under section 80- C than you have to deposit Rs. 17,407/- @ 10% on 1,69,000/- and 3% surcharge on Rs. 16,900/- Regards SKG more
Pleas , dear circle members, it is inappropriate to use language like the one used by Mr. Sharma. Let us respect each others views and keep quiet in case you do not like the complaint. more
I had filed my income tax return for the assessment year 2021-22 under section 139(1) i.e., filed on or before the due date, and claimed the refund of Rs. 5000 plus. The same was acknowledged by th...
I am a senior citizen and filed my return on the 18th Oct but till date (23rd Dec) I have not recd my refund. I have called their Helpline no also many times. They say they will lodge my complaint ...
For bank fixed deposits in India: 2016: 9.3% interest 2019: 8% interest 2021: 5.5% interest Senior citizens retirement plans must be under water unless they did enough ...
God news. A lot of time has been vested. In the Court, it may be advised that any future such new thing must be tested in all respect and by all stakeholders, before the due date I.e. 31/03 in this...
Always wondered, why does an investor have to fill in income details with the broker? I buy shares if I have money. I do not need to have an income. And PAN number is a must. So why do you add this...
Rates on small savings schemes reduced by 50-90 basis points. PPF in April-June quarter to earn you only 6.4% interest against 7.1% earlier. Senior Citizens Savings Scheme to earn on 6.5% now compa...
I raised this point on earlier occasions also. No relief seen in any budget. I made a suggestion as follows: There are some schemes exclusively for the benefit of Senior Citizens like Se...
Request guidance as to which is the appropriate circle & authority to whom i can complain regarding the below mentioned issue: Lately with many of my relatives and friends staying in Gurga...
Recently our CBDT isued a press release saying it cannot punish compliant and honest tax payer by extending various due dates for the assessee who are dishonest, lazy and non compliant and our secu...
By SUBHASH PARAKH
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