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Income-tax for Pensioners?
Please give the income-tax provosions for Central govt. pensioners.
for the year 2008-2009
2 Answers
- 1 decade agoFavorite Answer
It is same as for salary,up to 150000= no tax, above that up to 300000 =10%.But if one saves amount under 80cc(LIC,PPF,NSC...) with maximum of 100000,one will get rebate for this.Also if there is medical insurance rebate under 80D upto 10000 is also there.further if one is sr citizen(65years age) the no tax limit is 225000 against 150000.Income is constituted as Pension+interest+income from rent/property etc.
Source(s): Discussions with income tax knowing people,swamys book and website of income tax rules for Assessment yr 2009-10 or financial year2008-09.
