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Direct Taxation

In this question...in. Tax payable from where this 10,000 has come...age is above 60 so threshold will be 500,000 ..so tax of 10k is on which amount

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Rifhat Khan

Rifhat Khan

CA Inter

28K+

30-Apr-23 13:48

496

Answers (3)

How is thresholds 5,00,000?


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

30-Apr-23 14:01

He is senior citizen not super senior citizen. Hence Basic exemption limit will be Rs.3 lakhs not Rs.5 lakhs.


Sethu Raman

Sethu Raman

CA Inter

5K+

30-Apr-23 14:15

Yes got it on 2lakhs at 5percent rate is applicable and hence ..


Thread Starter

Rifhat Khan

Rifhat Khan

CA Inter

28K+

30-Apr-23 23:26

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