Which prolific Australian bastman retired in early 2009?

How retired person age 60yrs plus calculate Income tax for FY 2009-2010?

  • My father is retired from Govt. job in feb2009. For the FY 2009-10 his income are from the head: 1) Pensions 2) 60% Arrear of 6th CPC for period 01/01/2006 to 28/02/2009 3) Transport Allowance for period 09/2008 to 12/2008 4) National Saving Scheme maturity amt. 5) SBI bank Interest 6) Post office MIS(monthly Income Scheme) Interest He has tax saving approx Rs.1,20,000.00 in form of Time Deposit for 5yrs as well as LIC policy. Please suggest, how to calculate his net taxable income if any. Now he is getting income pension from the department.

  • Answer:

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