MIS UNDER POST OFFICE
Ankit kumar (245 Points)
03 July 2018
whether Mis under post office can claim tax benefit in tax ,
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 03 July 2018
No ....
Senior citizen can claim deduction u/s. 80TTB over interest income received from MIS (from FY 2018-19)
Ankit kumar
(245 Points)
Replied 03 July 2018
and plz tell me sir what about taxation on interest receive from MIS. AND MEDICAL INSURANCE DEDUCTION Is 25000 .... is this right??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 03 July 2018
MIS Interest is taxable. & Mediclaim insurance is deductible u/s. 80D. The maximum amount claimed u/s. 80D is Rs.25,000/- for individual having age below 60; while Rs. 50,000/- for senior citizens.(AY 2019-20)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177896 Points)
Replied 03 July 2018
MIS Interest is taxable.
& Mediclaim insurance is deductible u/s. 80D. The maximum amount claimed u/s. 80D is Rs.25,000/- for individual having age below 60; while Rs. 30,000/- for senior citizens.(AY 2018-19)
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
