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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
Rifhat Khan
CA Inter
★ 28K+
30-Apr-23 13:48
496
Answers (3)
How is thresholds 5,00,000?
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
★ 5K+
30-Apr-23 14:15
Yes got it on 2lakhs at 5percent rate is applicable and hence ..
Thread Starter
30-Apr-23 23:26
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