Senior citizens (between 60 and 80 years of age)Above ₹ 3,00,000 Super senior citizens (above 80 years of age)Above ₹ 5,00,000 There are certain scenarios where ITR filing is mandatory for individuals even if their gross total income is below the basic exemption limit. You have to...
For Senior Citizens(those above 60 years), the Interest income earned on Saving Banks Account,Fixed Deposits & Recurring Deposits(Banks / Post office schemes)is exempted up to Rs 50,000(FY 2017-18 limit was up to Rs 10,000). This deduction can be claimed under new Section80TTB. Senior ...
children, and parents). The benefits further increase to Rs 50,000 for senior citizen parents. Also, annual benefits up to Rs 5,000 can be claimed on preventive health check-ups by employees. Preventive health check-ups can be in cash payment...
After e-verification of ITR, wait for around one month to get the intimation from IT department under section 143(1). You will receive another email from IT department once your income tax return gets processed. This email is called Intimation under section u/s 143(1). The intimation as t...
As highlighted above, banks were very strong, rising by 20.3%, as the reduced tail risk of an economic downturn and higher provisions for loan losses resulted in most banks performing well. European banks saw the strongest performance as the deferral of interest rate cuts resulted in further po...