How much Tax on Pension received by Senior Citizen?

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  1. vvnaik

    vvnaik New Member

    i am an retired nationalised bank employee and rceive pension monthly it is commuted i get around rs 27000 p.m. i am a senior citizen whether i m taxable
  2. gaurav_kumar

    gaurav_kumar Well-Known Member

    Total Income during the year = 3,24,000
    Income earned upto Rs. 3 Lakhs is exempted from the levy of income tax.

    10% tax would be levied on the balance Rs. 24000
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