Income Tax

This query is : Resolved 

26 January 2020 My question is ,one pension holder's income cross the taxable limit like pension and other source of income e.g.Interest income from Interest on F.D. His net tax payable is 42,000 approx after deduction of 80D,has no LIC etc under section 80C during A.Y 2020-21.How he paid the Income Tax by self assessment tax or advance tax.Please let me know at the earliest.
Thanks,
Buddha deb Das

26 January 2020 Pay advance tax on or before 15th March.

26 January 2020 Advance tax is not mandatory for senior citizens getting pension income , if you invest in 150000/- 5 years tax saver FD you can avoid tax liability .


27 January 2020 yes........use the sec 80c of tax saving instead of giving income tax



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries