14 June 2018
FATHER IS A PENSIONER HE IS A RETD GOVT STAFF
PENSION FOR THE FY IS INR 362619 AND INTEREST EARNED OF SAVINGS ACCOUNT IS INR 1673. SO THE TOTAL INCOME COME TO 364292 . AFTER 80TTA DEDUCTION TAX PAYABLE IS AROUND 3100.
IS THERE ANY DEDUCTION ELIGIBLE AS HE IS A SENOIR CITIZEN
14 June 2018
No, if his saving under 80C and 80D is there he can claim Senior Citizens (above the age of 60 years and less than 80 years) are also eligible for a rebate under Section 87A. If your net taxable income below Rs.350000/-addition rebate maximum Rs.2500/-
CAclubindia
