Tax rate applicable on rental income

Last post 07-06-2012 7:25 AM by priyac21. 1 replies.
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  • 06-20-2012 9:20 AM

    • DJRAO
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    • Points 20

    Tax rate applicable on rental income

    For a senior citizen, who received arrears of Rs.9 lakh in April 2011, what would be the rate to be applied on a rental income of Rs.56832/-?
    • Post Points: 20
  • 07-06-2012 7:25 AM In reply to

    Re: Tax rate applicable on rental income

    You would receive relief under section 89 for the salary arrears - which would be lesser tax rate (tax rate applicable in the year of origin of such salary). The balance income pertaining to FY 2010-11 will be as per the income tax slab of FY 2010-11.

    • Post Points: 5
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