18 December 2016
Sir/madam
i want to know about income tax calculation of retire army person in december 2015 and receive funds in bank account near about 23 lakhs.
1. my first question is how i treat this bank balance in itr along with salary and 3 months pension??
2. and assessee living on rent after retirement 3 months rent of rs. 9000/- so is assessee claim 3 months 80GG deduction, if yes then how much??
18 December 2016
You have not mentioned the nature of Income Rs.23 lakh received in bank account. After retirement stayed 3 months rental premises he can claim 80GG eligible amount is Rs.2000 per month
CAclubindia
