Income tax on army retire assessee
This query is : Resolved
Jaswinder singh
(Querist)
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
(Expert)
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
(Querist)
19 December 2016
ok thank you sir for your valuable feedback...
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