Taxability of A Senior Citizen

Page no : 2

rohit jain (ipcc student) (32 Points)
Replied 27 October 2010

@ ankit : ok bro nd thnx 4 the help

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dinesh (B.com,CS student) (169 Points)
Replied 28 October 2010

agree with gaurav

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8310 Points)
Replied 28 October 2010

e-Sahaayataa

Grievance Status :

Resolved.

Grievance Remark(s) :

28/10/2010

Winnings of Rs.20,000 from lotteries is taxable at a flat rate of 30% plus 2% education cess and 1% SHEC, which works out to Rs.6,180. Since the balance income of Rs.2,30,000 (i.e. Rs.2,50,000 - 20,000) is less than the basic exemption limit of Rs.2,40,000, there would be no tax liability on such income.

Your Grievance Details
Grievance No.	001201022423BH
Activity	BOS
Region	Western
Name	KALPESHKUMAR ASWINKUMAR CHAUHAN
Memebership/Registration No.	WRO0215602
Grievance Type	All matters related to students' Counselling and Co-ordination of IPCC Orientation Course
Grievance	MR. jalpesh, A RESIDENT SENIOR CITIZEN WHOM TOTAL INCOME IS RS. 2,50,000. THIS INCOME INCLUDES "INCOME FROM WINNING FROM LOTTERIES" RS. 20,000. COMPUTE THE TAX LIABILITY OF MR. jalpesh FOR THE A.Y. 2010-2011.
Grievance Date	26/10/2010

Please click here if you want to reopen this grievance.

Frequently Asked Questions (FAQs) | Presentation - How to make use of e-sahaayaata

1 Like

Minnal (Apprentice) (98 Points)
Replied 30 October 2010

Hi Friends

I too tried using sahayata after your reference, seeking solution for an standard costing problem they insisted me to check my mail at the submission but i havent receive any mail.