hi pankaj my long term capital gain is 40,00,000 pension 200000 other income 30000 . my age is 80+
pls help to calculate my income tax.
1 Answers
In case you are asking about financial year 2011-12, you will be taxed @ 20% on (42,30,000 - 5,00,000) as upto 5 lakhs there is no income tax for people above age of 80.
For FY 2010-11, You will be taxed @ 20% on (42,30,000 - 2,50,000).
Related