An individual who is neither employed, nor a pensioner/business man earns income just from his savings/fixed deposit. What are the deductions availale for him for income tax? Does he need to pay tax every quarter or enough to pay once an year before end of the financial year?
Menu
Deductions on income of non salaried, non business persons
Replies (1)
for saving bank interest us 80TTA 10000 deduction is available and also deduction us 80C are available.
Those who have tax liability of more than Rs 10000 are liable to pay advance tax
Recent Threads
- Are AI tools like ChatGPT actually useful for CA w
- UK TAX (HMRC) HELP WITH INVESTIGATIONS, DISPUTES,
- Payment processor not transferring or refunding pa
- Form 16 format
- 17(5) Blocked ITC
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
Related Threads
CAclubindia
