of income. my question is that will she have to pay income tax?
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of income. my question is that will she have to pay income tax?
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how did she get the FDs made if she has no income ?
the assessing officer will ask u this question
and as for the interest income income . it is taxable if it exceeds the max limit of exemption allowed to ladies ..
also check the age criteria for 65 yrs age limit
if d interst paid is mor dan 10,000/- dan yes ul hav to pay d taxes. to avoid submit form 15G( avail wit bank) and copy of PAN card or keep deposit t in small amount so dat d interst doesnt crosses 10000 for dat single deposit also make sure wit d bankers were u r bankin.
Your collection of words is neither a question OR a coherent statement. Please add details including actual numbers.
Max.exemption limit for ladies is Rs.1.80 lacs & if the interest is below this amount,she need not to pay tax.Bank will deduct TDS @ 10% if the interest exceeds Rs.10,000/- p.a. & PAN no.is given.To avoid this you can give declaration on form 15(G) available with the bank alongwith photocopy of PAN
no.If you don’t furnish your PAN no.the TDS @20% will be deducted by the bank.