Income tax
This query is : Resolved
28 June 2016
I AM SENIOR CITIZEN AGED OF 65YRS AND INTEREST INCOME ON FDR IS RS 450000/-YEARLY & AFTER DEDCUTION OF PPF & MEDICALIM MY TAXABLE INCOME IS RS 280000/- FOR AY 2017-18.
WHETHER I CAN SUBMIT FORM 15H FOR NON DEDUCTION OF TAX AT SOURCE OR NOT SINCE MY GROSS INCOME IS ABOVE BASIC EXEMPTION LIMIT PL ADVISE
WHETHER I CAN SUBMIT FORM 15H FOR NON DEDUCTION OF TAX AT SOURCE OR NOT SINCE MY GROSS INCOME IS ABOVE BASIC EXEMPTION LIMIT PL ADVISE
28 June 2016
no, your total income will below the exempt limit . ie Rs. 300000/-
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