Income tax on army retire assessee

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Jaswinder singh (Querist)
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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??

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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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

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Jaswinder singh

Jaswinder singh (Querist)
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19 December 2016 ok thank you sir for your valuable feedback...

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