Relief u/s89
This query is : Resolved
07 May 2015
In Fy 14 15 pension received 319485 gratuity received 600000 arear pension received for fy 13 14 283107 interest earned 55000 investment .
Let me know tax burden for the ay 15 16 and calculatio sheet .
Let me know tax burden for the ay 15 16 and calculatio sheet .
07 May 2015
Calculations for AY 15-16 :
Total Taxable income - 319485+283107+55000
U may be above 60 years .
So net Taxable income after Std. deduction would be--
657592-500000= 157592
Tax- 10% of 157592 = 15759/-
Gratuity exempted from Tax.
Total Taxable income - 319485+283107+55000
U may be above 60 years .
So net Taxable income after Std. deduction would be--
657592-500000= 157592
Tax- 10% of 157592 = 15759/-
Gratuity exempted from Tax.
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