Senior Citizens Tax Exempted | Senior Citizens Tax Benefits | 14 Tax Benefits to Senior Citizens |
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- Опубликовано: 29 сен 2024
- Download Senior Citizens Forms
Form 15H : bit.ly/3UOd50H
Form 12BBA : bit.ly/Form-12...
Form 15G : l.letsmakecomp...
In 2024, tax benefits for senior citizens typically encompass a range of provisions aimed at easing financial burdens and supporting retirement.
These benefits often include
higher standard deductions,
Unique Exemptions,
Various Deductions from certain taxes
Health-related expenses,
Medical expenses Etc.
may also be deductible.
Senior Citizens Tax Exempted | Senior Citizens Tax Benefits | 14 Tax Benefits to Senior Citizens |
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Which Tax benefits available to senior citizens
senior citizens video
senior citizen videos
Tax exemptions to senior citizens
tax deduction available to senior citizens
Senior Citizen
Super senior citizen
Higher exemption limit
Standard deduction under section 16(ia)
Interest on deposits section 80TTB
TDS on interest income section 194A
Medical insurance premium section 80D
Medical treatment of specified diseases section 80DDB
Payment of advance tax
Relief in filing ITR
No need to file ITR section 194P
Offline ITR facility for super senior citizen
Tax benefit on long term capital gain
LTCG
Rebate under section 87A
Deduction under section 80C
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No consideration for expense required for monthly expenses needed for comfortable lifestyle discounting inflation( % ). 2. The income tax paid during his working life (40 yrs or more) and post retirement his balance life (say 25 yrs) he depends on his savings made while working. 3) Th no medical expenses he depends on savings only. In effect savings will diminish !! Yet he will pay GST on monthly purchases and payincome tax .till death.
I am a pension holder and also enjoying health insurance benefit through Scheme approved by my employer. Accordingly, a sum of Rs 53000/- was deducted from my pension account as usual in Oct 2023 for payment of insurance premium.
Subsequently, my employer decided to reimburse me Rs 2500/- only towards the expenditure of Rs 53000/- incurred by me.
Recently while filing ITR1, it has come to my notice that my employer has made an entry of Rs 2500/-with my monthly pension amount in Form 26as, thereby increasing the amount paid under pension head by Rs 2500/-, ignoring the fact that this was a part of expenditure reimbursed. This caused me to pay additional IT over an income of Rs 2500/-, though the amount Rs 53000- Rs 2500 i.e Rs 50500/- was sufficient for getting relief of Rs 50000/- u/s 80D.
Please let me know action to be taken for
a)the last financial year as I have already filed ITR1
b) present financial year.
Subir Ghosh
Yahoo Mail: Search, organise, conquer
Senior Citizen's rail travel concessions taken away by the ruler. But MLAs, MPs enjoy all such concessions. What justice it is?
no, its not a justice,
we always stand with our dear senior citizens
Subscribe this channel for more updates
साठ-बासठ साल की उम्र में 20--40 साल तक देश सेवा करने के बाद सेवानिवृत्त होने वाले शिक्षक/कर्मचारीयों से आखिर सरकार इनकम-टैक्स के रूप में पैसा लूटती ही क्यों है? जबकि मात्र एक दिन विधायक या सांसद के पद पर विराजमान रहने वाले "खुदा के बंदे" जिंदगी भर 'इनकम-टैक्स फ्री' पेंशन/इनकम का मज़ा लूटते हैं !?
you are absolutely right
Very very good, knowledgeable and useful information of Income tax for Senior citizens.A well educated, experienced Teacher also can't explain as you.nice,good ,well presentation.👌👌
Thank you so much for your compliments.
Keep watching and shareing our videos with your friends and relatives
Also subscribe our channel
Thank guptaji foradviceto senior citizen
Always welcome
Really Excellent and Very Useful video sharing practical tips. Thanks. Please continue your good work.
Many many thanks
Good lecture in income tax of matter and I expected how to file,. return on computer and.what.available benifit to Senior please explain
thanks and sure, we will considr your request
I am a 75 years old pensioner. No savings like FD. No other income than pension amount. No medical assistance or help.
I spent lot of money for my eye surgery in 2023-24. Submitted ITR online in new tax regime . Acknowledgement received. Submitted ITR is under process.
Did I miss any rebate?🙂
old tax regime is best nowadays. you didn't miss any rebate
subscribe this channle for more udpates
Thank you very much for your prompt reply. The ITR calculator showed I need to pay almost equal amount more over TDS. So I paid an additional very small amount in New Regime and submitted my ITR. Thanks again. Hug and love. 🙂
Please clarify LTCG. Rebate under section 80C, Additional rebate of Rs 50,000/- towards NPS Contribution and rebate on donation is available only in old regime or in new regime also.
old tax regime - also watch this small video for more and more clarity
ruclips.net/video/R2uXf4udJYg/видео.html
Sir Bahut Acche se Samjhaya Aapne
Glad you like our videos, thanks
The age limit for senior super citizen has been reduced to 75 years. Isit true?
see, there are three kind of senior citizens as per income tax act
1. 60 or 60+ called senior citizens
2. 75 or 75+ called specified senior citizens only for Section 194P
3. 80 OR 80+ called super senior citizens only to allowed ITR filing in paper form
thats is
Very nice explaination. Keep it up
Thank you, I will
Excellent speech in a lucid
thanks, keep watching and sharing
I am senior citizen. My income is from pension and fd. Despite submitting 15 h sbi is deducting tds advance. They told my income is taxable so tds is taxable in advance. I file itr.
Senior citizen was not get any Life policy but certain got ill and medical treatment Rs25000.00 paid to hospital he is benifit for I tr file time
Ok
Thanks for this educative video for us
Welcome keep watching and sharing our videos
We what's benefit for railway discount for senior citizen 40%for men & 50 % women y they stop y not stop benefits to Lokshbha members then not government service this is only for five years y gives them
you are absolutely right
Excellent
As a senior citizen above 75 years as on 31.3. 2024 is exempted for filing ITR,does that mean that he need not pay any tax on his pension amount,which otherwise is taxable.This government pensioner is drawing a net pension of about Rs 115000 out of her gross pension of Rs 131000 per month.
Kindly clarify
Dr.K.M.Rahman
Hyderabad
80D में नई स्कीम में सीनियर सिटीजन को फायदा मिलता हे क्या
Yes, but in old tax regime
Thank you ❤
Welcome. keep watching and subscribe our channel
Whether NPS and Donation qualify for rebate in New tax regime for non-senior citizens?
only Employer contribution to NPS is quality in New Tax Regime.
Super senior citizen 75 se Hona chahie Nahin to 100 varsh complete hone ke bad senior citizen ka facility Milana chahie
good, but one thing should be there, 75+ par super senior citizen ker dena chahiye govt ko .
Sec 80 D और sec 80 c etc. के बारे मेें यह स्पष्ट नहीें किया कि ये Deductions Old Regime मेें मिलेंगे या New Regime मेें भी मिलेंगे।
Both are available in old tax regime only
Senior citizens getting pension approx.10lakh and getting dividend etcapprox.10000.this amount will be included in the income or not.
pension and divident both is fully taxable
आपका वीडियो बहुत पसंद आया है सर। मेरी जन्म की तारीख एक जुलाई 1949 है।मैने सितंबर 2023 में एक प्लॉट 35 लाख में बेचा है और मेरी मासिक पेंशन 90 हजार के लगभग है तो मेरा इनकम टैक्स कितना बनता हैं।कृपया बताने का कष्ट करें। धन्यवाद।
Your information is incomplete to answer
spme parts were misleading.example deductions Like e health insurance and ppf, donations etc, are not available in New policy. u shd hv said this . also pl explain f old or new policy is bettert fr senior citizens
आप और अलग हर व्हिडीओ मे,हर समय सि.सिटीझन की व्याख्या कुंव बताते. सिधे मुद्येपर क्यं क्यौं नही आते
ये व्याखया इसलिये बतानी होती हैं क्यु कि बहुत से लोग ऐसे हैं जिन्हे बेसिक रुल्स नही मालुम होते- इसलिये बेसिक से शुरु करके मुद्दे पर डिप मै जाते हैं हम अपनी बात करे तो . अब जो लोग विडियो को एंड तक देखते हैं उन्हे बहुत सी नही बाते पता चलती हैं
और टैक्स भी बचा लेते हैं
एक्सप्लेन any deduction on new regim. Except standard
watch these two videos for senior citizens
ruclips.net/video/eCdNcaNEsI4/видео.html
ruclips.net/video/R2uXf4udJYg/видео.html
In new regime only standard deduction is allowed.Is any deduction available in new regime.
Sir,my father was Super Sr Citizen and expired in Feb 2022 at the age of 89 years.
His forms 16A of Bank shows tds deducted upon 04 fixed deposit r receipts in two names,E or S,first name is of father.
Our CA advised us not to file any returns and forget tds deducte for FY 2021-22,2022-23
Now, can we get refunds from ITax department .....or not...please tell
your ca is right, refund is not possible now.
Good afternoon sir new regime income tax slab for A.Y. 2024-25 it is show up to 3 lakh - nil,3-6=5% is it wrong? Please reply my answer
It's not wrong.
Sir as nominee of my late mother the amount due to her from SB pension account and matured mutual fund which are shown in AIS. I am Sr Citizen pensioner. Should I pay separate Tax or should I pay tax on the total interest of my SB account as I have no other savings account in any other form?
See, in your case,
you have to file two ITR ,
1. for your Mother till the date of passed away.
2. after that her all income will be taxable in your hand.
so two itr has to file 1 for your mother and 2nd for you (your income + your mother income)
@@incometaxwallah Thank you sir for the response. My mother had passed away in Dec22 and she had not filed any ITR as she was family pensioner and was in exempted category. At the time of death she was 90 yrs.Also her annual pension was was about 2.5L.Further doesn’t this transfer comes under inheritance after death.Hence the doubt if paying tax
in this case you have appoint yourself as legal heir of your mother. its a long procedure,
consult with your CA , or if you don't have professional person
you can contact to us also on whatsapp 8448820207 for paid services
@@incometaxwallah Thank you sir Will get in touch as I get y form 16 for pension from bank. Got legal heir certificate having my name along with names of my two sisters and has given equal shares to niece and nephew.
sure, always welcome
Apne vedio me bataya 15 H form Bank mein jama karne par TDS nahin katega meri interest income jyada hone ke karan sr.citizen hone par bhi 15H form Bank ka system nahin feed karne de raha hai tried lot of time because higher interest income?
taxable interet income hone par form submit nahi hoga
very nice 👍
Thank you! Cheers!
am 65 yrswhere do I apply senior citizens pesion.please advice
contect to your area MLA Office
Are all those benefits available for NRI Senior Citizen?
few of them
I went to a bank for a gold loan in a reputed bank but the bank doesn't want to give me beacuse i am a seniour citizen. What is the benifit to given to senior citizen beainig a citizen
see, bank gives loan with intension to recover it and not recover from sale of jewellery.
thats why bank generally not gives loan to sr. person
Sir iam of 80yrs age. My pension is the onlyincome . my savings TDS are at the same bank. what form inwhich I should ask bank to submit my tax. Please reply me. Tks. Sir Iam an exserviceman.
great , you can submit form 12 BBA to your bank.
Download this form from Description of Video
Sir I have retired in 31 May 2023 from central government. I have received Rs.30 lakh as final accumulated amount of general provident fund GPF. Sir is this amount is tax free and Sir where should I show this amyin ITR
Sir
Where do you stay, do you file tax returns for your clients, kindly let me know
Yes we file itrs of all kind. Connect with us on WhatsApp 8448820207
Namskar sir meri age 80 years par ha .share trading se one year me 25Lakh nett incom kar raha hu kitna tex lagaga.
Dunation Examtion iş alkoqol in neqativ slab
Donation exemption not available in new tax slab.
Sir , After retirement (vrs) which amount l got from my department that amount can I give to my wife and file itr in the name of my wife and the internet earn in my wife name. This internet add my personal income or not?
Very Nice Question,
See first of all you can give funds to your wife. isme koi issue nahi hain
But jab matter taxation ka hai to 3 rishte hain jab income per aapko tax dena hoga
1. wife
2. minor daughter
3. daughter in law
aap in 3 ke account mai funds transfer karenge to clubbing provision apply honge aur aapko hi tax dena hain beshak interest income wife ke bank account mai aati hai.
also watch these videos
ruclips.net/video/kunC2xJQSdY/видео.html
ruclips.net/user/shortsjxncj_RFzq8
किस ट्रस्ट में पूरी rebate मिलती हैं
Donation to political party - Deduction u/s 80GGA
Donation to Scientific and Research instituition - Donation u/s 80GGC
100% rebate
Kya Rail me bhi kuchh suvidha mili h
rail ka idea nahi h hame
Aakhir Mein Dekha jaega😢 Ek Paisa bhi kisi se tax Se Kam Nahin hoga😢 senior citizen pata hi nahin chalta hai kitna Sal Se Shuru Hai senior citizen😢 Naam Ka senior citizen😢 Koi facility Nahin Hai
Good
KEYA BIHAR MAIN YEH CARD ABHI NAHI BANAYA JARHA HAI
Banega
Our Promise to Give 100% Reply of Questions in this Senior Citizen Tax Benefit Video
अरे भाई ये सब हमारी समझ के बाहर है.हम यै सब नही समझ सकते है. हमको सिर्फ एटिएम और पिटीऐम चलाना आता है.इनकम टैक्स के बारे मे हम लौग सिर्फ अनाडि होते है ये सब कलकुलशन हमारी समझ के बाहर है.
सिर्फ ईंटिमेट करै कि ट्क्सस कीतना भरना है😂😂😊😅😊
I viewed thriughly whole video, but in last narrated that if Sr. Citizens having TDS up to ₹50000/- need not to file tax. Or Non Sr. Citizens income ₹.25000/- AY 2023-23. It mean that TDS for Sr. Citizens up exempted. Clarity me.
@@user-mb3fp8mb1l good , hum tax zero kar dete h
No.use .what about seniors citzens who r daily wagers how dies it help them.
You are telling known simple points and your intention is coming in you tube.Funny😢
janab, aap bata dijiye kis topic par video banaye.
we will consider for sure
1.Can a senior citizen avail benefit of health insurance policy of fifty thousand under new regime
2.Can a senior citizen avail a rebate of Benefit of FD income of fifty thousand under new regime
both tax benefits not available to any one in new tax regime
watch this
ruclips.net/video/eCdNcaNEsI4/видео.html
महोदय, अगर कोई पेंशनर बीमार होता है और मेडिकल बिल को अपने ex employer से reimbursed करा लेता है, तो क्या वह medical expenditure पर सी 80D में Rs 50000 का deduction फिर भी ले सकता है। धन्यवाद
nahi claim kara sakta
Now the basic exemption limit is 3 lakh for Sn Citizens & non senior citizens. Please check & get corrected. Sn Citizens are already getting 0.5% more than the normal rate interest. Concession on fare of railway tickets has been abolished & not yet been reinstated but you never mention it. You will repeat all those which are already existing. Be honest while uploading such videos
My dear Mr. Saha
1. Basic exemption limit is still 2.5 for non senior citizens
2. In this video, we discussed only taxation part. And interest and railway benefits, govt. pension, priority in queues, etc are benefits other then taxation.
Subscribe us for Senior Citizen Tax Benefits Related Videos.
Team Income Tax Wala
I have a house. Now i want to sell it resultant cash iwant to transfer to my son. How to save income tax and my date of birth is 07 may 1956. Its value is nearly one crore rs. Please guide me. Please
see cash transaction of such value is not allowed.
your matter require long discussion.
so take paid consultation
letsmakecompany.com/book-consultancy.php
Ye sahi hai ek MLA/MP ko lakho karoron ki income hai aur hera feri se 10-20 guna kama lete hain aur koi IT nahi dete hain. Ek aam adami ko sirf 2.50 ki chhut kitana insaf hai!.
You are right 👍
Hello namaskar, My age is 70 years. I am a Rajasthan govt pensioner. My income is from pension, Bank and post office interest and MF, equity (under 1 lakh) . Which IT R form I can use ? ITR -I or ITR-2
you must file Your Tax return IN Form ITR -2
Informative video! 👍🏼
Q. I want to learn how to calculate STCG/ LTCG tax on income earned from share trading. Do you have any video on this or do you teach?
Please make video separately for senior citizens having no pension/salary but only income from FD and capital gain income with special emphasis on bonds/tax free bonds impact on taxable income
Sir sr citizen pension income RS five lac int fd income two lac can submit form 15 h to bank pl clear thanks
off course yes, and file your itr in new tax regime.
I got registration of my flat in 2023, am I eligible for any relief in income-tax? I am a senior citizen and I have a house and this is my 2nd house property. I am living at both the places I.e self occupied
yes, you are eligible for all reliefs and deduction exemption which are allowed to senior citizens.
watch our video till end to get valuable updates and subscribe us
Sir ji,
My date of birth 01/04/64 and retired from service on 31/03/2024 can I take the benefit of senior citizen in financial year 2023-24
yes why not .
Thanks
yes. you are senior citizen for financial year 23-24
मैं सीनियर सिटीजन ( salaried) हूं। मैं f y 2024-25 में FD पर quarterly एडवांस टैक्स नहीं जमा कर रहा हूं । बैंक 10% TDSकाटरहाहै।मुझे पूरा टैक्स कब तक जमा कर देना चाहिए जिससे कोई ब्याज नहीं देना पड़े ।
Form 15h or 15g applicable till basis exemption limit ya 5 lakh(old regime) or 7 lakh(new regime) tak?
You can file it, if your taxable income is under limit
Matlab agar meri total income for example 6 lakh hai and me new regime opt karta hu to me bank me form 15h or 15g apply kar sakta hu....
absolutely right
I am a senior citizen.My income of interest from bank deposit for the year is
Rs.840000, Bank has deducted TDS RS.84000.My pension income for the year is RS 480000.I am a retired bank employee.My pension income is less than RS.5 lakhs, so they have not deducted income tax for the year.Please guide me when I have to pay balance amount of income tax
considering your income -
1. New Tax regime is best for you
2. pay your remaining tax liability at the time of filing ITR
SUBSCRIBE OUR CHANNEL AND SHARE VIDEOS MAX TO SPREAD TAX AWARENESS
Thank you for your quick response.
welcome
Sir mere papa apne service se ritaird ho gaye hai to apna a/c se 20 lakh nikal liye hai to income tax notic aa sakta hai
20 lac cash withdraw kiye hain bank se to chances hain ki clarification ke liye notice aaye.
Ask more and more questions, our team will reply.
Subscribe our channel also
Medical treatment par st.citizen ne cash me spent kiya to Kya 80D ka benefit le skate hai ?.
see,
if he / she have policy, then cash expenses upto 199,999 allowed
but if no mediclaim policy but want to claim deduction u/s 80D - Then all payment must be through banking channel
मेरे द्वारा 135000/- म्युचुअल फंड से निकले गए हैं जो 10 से 15 वर्ष पूर्व के म्युचुअल फंड थे वह आय में जोड़कर घटाएंगे या उस पर टैक्स लगेगा कृपया अवगत करावे धन्यवाद
ये मुच्वल फंड का पैसे जो आपके मिले हैं ये कैपिटल गैन के तहत ट्रीट होंगे और इस पर लोंग टर्म कैपिटल गेन टैक्स लगेग़ा
इंक्मम मै नैट प्रोफिट शामिल होगा
If my sr. citizen father claims full 80D & 80TTB, his maximum tax-free income can be 9.25 lac in new tax regime. Is it correct or not?
not correct, becasue 80D and 80TTB deduction available only in old tax regime.
I am senior citizen. In fd sbi is deducting in advance my tax. I submit 15 h but they told that your income is taxable so 15 h is not applicable. I file itr . Please clarify.
if your income is higher than 5 or 7 lac then no benefit of filing form 15 g/h
My total income is 8 lakh approx, and i am senior citizen, what will be my tax liability in old and new tax regime? I am having 80 c rebate 1.5 lakh, nps 50k, interest 50 k, medi claim 32k,.
what is source of income of this 8 Lac. pl explain source wise.
Nothibg new. But dudnt you miss the deduction for annual meduc test upto Rs 3000/ ?
thanks for your feedback, we will take care of it.
annual preventive health checkup deduction of 5k - we covered it under section 80D in this video
apart from it - there is no other annual meduc test upto 3k
Hello Sir,
First of thank you so much for this informative video...
Plz guide:
My parents are senior citizens,( age 75 years)
My mother is blind ( 100% ) and locomotor disability is 80% since 2010....
Various pvt hospitals se treatment le rahe hai ,2011 se...
Aaj Tak kabhi disability certificate ki jarurat mehsoos nahi kri , so bnvaya hi nahi tha....
Abh 30 july 2024 ko apply kiya....
District civil hospital k Drs ne check kr kr disability mention kr di hai ...
Chief medical officer ne bhi sign Kiya hai ....
Lekin UDID card BN k aane mein ,aur es certificate ko print ho k aane mein 3 months ka time keh rahe hain k lagega.....
Maine 31 july ko Return file kri hai....
As per rule, Abh within 10 days ITR ko revise krna chahti hoon.....means 10 August Tak...
Kya mein 80 DD benefit lene ke liye form 10 I A fill kr do.....
If yes, toh certificate number koun sa fill kre.....koun sa certificate upload krna hai ,es case mein???
**************
My second question is :
Mere father ( age 75) ka pvt hospital se Liver Cirrhosis ka treatment karvaya hai ERCP ( surgery) aur hospital admission total expenditure 72000 approx hai....
Kya es expenditure ko 80 DD B mein claim kr skte hain ???
Hope you will reply....
Thnks in anticipation
With regards
can't reply for such a long matter
Sir, I retired from government job in July last year. Till July I received HRA total Rs 107500 for FY 23-24. Still I am living in rented accommodation paying Rs 23000/- per month. How much exemption I can show in ITR. Please clarify. I am getting pension Rs 55000/- per month.
see, as far as our knowledge, after retirement , no one received HRA Iin pension
hence, you are eligible to take HRA Exemption only upto date of retirement. even you are paying rent after retirement
use this calculator to know your hra exemption online
letsmakecompany.com/hra-calculator.php
Mera epf pension pure salme total 24000/- hai. To ye income muje direct maf hota hai ya 50000/-
direct maf hota h
Sir Meri Ek Friend ka Samasya Hai PleHelp
Age 78
Income:: pension 4lac
...............Int on FD 6..lac
Sabmitinge15..H
Investing Every yr
Tax Saving 80c FD
Don't know Whether It is
Old Rgim Or New Rgm
Kya Ye Baraba hai Or Wrong hai Not filing Tax Trn pl Guide 🙏
itr avoid karna wrong h.
new tax regime mai apani file kijiye tax kam banega
subscribe this channel for updates
यदि सीनियर citizen की income सिर्फ शेयर बाजार से ही हे, तो क्या लिमिट होगी, और यदि वह सीनियर citizen नहीं हो तो क्या होगी? शॉर्ट टर्म की लिमिट
पहले 2.5 लाख शोर्ट टर्म पर कोई टैक्स नही लगेगा
मैं 60 वर्ष का होने के कारण 31 दिसंबर 2024 को सेवानिवृत्त हो रहा हूँ | मेरी वित्त वर्ष 2024-25 के लिए आयकर विवरणी (ITR) वरिष्ठ नागरिक के तौर पर भरी जाएगी या नहीं ?
वित्त वर्ष 24-25 मै आपकी आयकर विवरणी वरिष्ठ नागरिक के तौर पर ही भरी जाएगी
आप्के सवाल पुछने के लिये आपका बहुत बहुत धन्यवाद
हमारे चैनल को सब्सर्क्राईब करे
Sir,good morning. Very useful information for we retired people.
Sir I am a retired person, my source of income is pension ,interest & gains from stocks as well as mutual funds. I accessed my tax for the fy 23-24 using income tax official tax calculator but it did not consider the standard deduction and also showed interest on tax payable as no advance tax paid by me
Please let me know reasons for not getting standard deduction benefit and imposition of interest.
Thanks n regards
standered deduction is available, you making mistake at some point in online itr filing
@@incometaxwallah thanks. Pl let me know that also why interest is levied on tax as senior citizens are free from advance tax payment?
I am 65 year old my income from intres and pension total rs.225000 then necessary to file ITR .
if bank deducted your tds - file itr mandatorily and take tds back
else its not necessory to file itr for 2.25 lac income
Tax benefit u/s 80D, DD etc for seniors...I think it is applicable only for old tax regime. Not for new. Kindly clarify...thsnks
Yes applicable in old tax regime only
Sir
Profile incometax fir sr citizen though showing but it doesn't include deduction under 80 c ie Rs 1.5 lac
It not allowing to edit for correction
which taken last year.
This is a problem I fetch to file
Thank you for your lovely vdo published
K.M.Pal
Retired Civil Engineer
80c deduction will be shown if you file itr in old Tax regime
If the interest earned by a Sr Citizen on bank FDs is 4 lakh in a financial year can he submit 15H and pay the entire tax while filing the tax return?
1. on 4 lac , there is no tax liability
2. can submit form 15 h
Good evening Guptaji. Please inform how to show 60% withdrawal from NPS in ITR. Should it be shown under exempt income-Others with description?
no need to show
Bank had credited pension for the month of March 2024 on 31.03.2024 which was payable on or after 01.04.2024.For filling of tax return F. Y 2023-24, since it is advance credit, how to reflect in Form No 10E , so as to claim rebate u/ s 89(1)
see, salary / pension is taxable on due basis.
Hence, include march pension in income of FY 23-24 and file form 10E
Hi sir, meine ek pan banaya hai lekin usne mobile number and email id dusre ki hai, pan card ka photo bhi kisi ke ps hai, to kya vah mere bank details, transaction, balance etc. Dekh sakta hai ya nahi, fraud krke, agar ha to kya mein dusra pan bana lu,plz reply
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Sir,health insurance premium is.rs.38000,then rs.50000 ki rebate kaise lenge.pl.reply....
actual premium of 50 k for senior citizens
dono mai jo bhi kam hoga . wo deduction milegi
so you are eligible for 38k only.
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I am receiving pension from treasury. Treasury is deducting TDS every month. But senior citizens are not liable to pay advance tax. What should I do. Please reply.
tds and advance both are different things.
so treasury is doing right
Sir 80D mai medical expenditure ki condition aapne saari nahi clear kari kya sara expense other than cash mode se hoga tabhi 50000 tak ki rebate milegi ya cash hua tab bhi mil jayegi
other than cash par deduction milegi u/s 80d
Which ITR form should I choose being a Senior Citizen below 80 years if I have rental income from my one house property. I have no income from capital gains, shares , mutual funds etc.
ITR 1 is applicable for you
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Tax under 80TTB 50000 exemption is not available in the I.T.R form1.Inform me where can I show the amount
its available when you file itr in old tax regime.
मेरी कोई सरकारी नौकरी नहीं है। केवल एक लाख रुपए वार्षिक आय है, जमीन बेचने से कितने रुपए तक छूट मिल सकेगी?
जमीन बेचने से होने वाले लाभ के अलग टैक्स प्रोविजंस हैं और लम्बे टैक्स प्रोविजंस हैं
यहा एक्स्प्लेन नही कर सकते
Is Trading in FNO is liable for advance tax ,and which is this section by which senior citizen are spared from depositing advance tax .Thanks in advance.
income tax section 208
I completed 59yrs age. My dob is 25-05-1965. Can I get benefits of senior citizen benefits.
no.
I am 82 years of age. Only interest income from banks. I want to sell few stocks I have which were bought in 2974. Any problem I will face of I sell some of them?
koi problem nahi h sell karne mai
Very well explained in a simple manner. Can anyone file his/her return through you. If so, what is the charge for ITR-2. Thanks
Thanks for your compliments.
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What about 80 c in old scheme for senior citizen for keeping postal NSC Rs 150000/^ ?
allowed in old tax regime
Sir koi other person muja 15 lakh rtgs karega to muja income tax sa notice to nahi aaiga
chances nahi hain ki notice aaye. but still look into nature of transaction
Dono tax regimes m post office k saving bank account per milne wala interest kya sec 10(15)(ii) m alag se exempt h 3500 single account m aur 7000 joint account m ?
there is no such seprate exemption other than section 80tta or 80ttb
Very nice but i m foling in new tax regime kya fd and saving par 50000 tax exempt nahi hoga? Aapne sara video old tax regime par focus kiya new ke bare me jyada clarfication nahi hua. Thanks
thank you so much
watch this video for new tax regime
ruclips.net/video/eCdNcaNEsI4/видео.html
Can I file my income tax return my self.
How? Which app I need to file income tax return?
I am senior citizen .
My age is 71.
off course yes,
eportal.incometax.gov.in/iec/foservices/#/login
just login at this income tax portal and start filing itr
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