Hey guys please help me with this question, will give you 50 points, and also will mark answer as brainliest
Following are the particulars of income of Mrs. Sudha Vajpayee for previous year 2019-20-
salary received(after deduction of Income Tax 5000) 2,80,000
Rent from House Property 30,000
receipts from Profession 90,000
short term capital gain 16,000
interest on bank deposit 4,000
During the previous year she paid 22000 as mediclaim premium of health of children, she claims 6000 for illness of children and sanctioned
Compute the taxable income of Mrs. Sudha Vajpayee for the Assessment year 2020-21
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I am close to 60 and have an NPS Tier I account. I am considering NPS Tier II for parking my retirement corpus. Are there restrictions on the number of deposits and withdrawals you can make in a year from NPS Tier II? I understand that for non-government employees there is no tax benefit at the time of investing, but what are the tax implications at the time of withdrawal?
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bro it is a huge passage can tell
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