Others
91 Points
Joined April 2015
Hello Mr. Saravanan, thanks for your immediate reply. I am a Sr. Citizen,Male, 72 years, Resdient, retired from Bank's service. My income comprises of Pension, interest from Bank deposits, SB interests, Dividend income from Equity shares, and Mutual Fund. After exhausting all deductions, like Std. deduction, deductions u/s 80C,80D,& 80TTB my Taxable income works out to 593530. I can't claim any other deductions, as I don't have any. Of course, I can avail 100% u/s 80G PMNDF; instead of this contributions, any other tax saving instruments so that I am eligible for rebate u/s 87A? Or have I to pay tax only on entire taxable income of 593530?