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trisha

trisha (Querist)
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24 September 2014 how to calculate tax on income of senior citizen please provide me detailed calculation

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 September 2014 please refer http://taxguru.in/income-tax/what-are-the-tax-benefits-available-to-senior-citizens.html

http://finotax.com/income-tax/slabs-next#i31a

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trisha

trisha (Querist)
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24 September 2014 i want to know with exapmle like if taxable income of senior citizen is 600000 then how will you calculate tax liability?

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 September 2014 Trisha,

income computation remains same as it is for any other assessee except for tax slabs, and other factors such as 234B 234C liability etc.

please refer this calculator http://finotax.com/income-tax/calc

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