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Thread: Other income

  1. #1
    Member panchabavimm is on a distinguished road
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    Default Other income

    Sirs,
    My officer has paid Income tax for Salary including monthly pension from BCCI for cricket services. He told he believes that he is recieving that amount only after necessary IT deduction at source. Is it so ? if so, can he go for refund ?
    Please clarify ?

  2. #2
    Senior Member RKPATHAK is an unknown quantity at this point
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    Default it

    he can claim refund if his salary plus pension is not more than taxablwe limit

  3. #3
    Member panchabavimm is on a distinguished road
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    TAxable limit . Sorry, i didn't get it. He has already paid huge tax

  4. #4
    Senior Member RKPATHAK is an unknown quantity at this point
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    Default Tax

    First calculate incoem from all sources clubbed together than deduct all deductions and exemptions(.) calculate tax liability and tax paid(.) any excess amount arrived so calculated can be claimed as refund duly supported by tds certificates by filing income tax return in appropriate form

  5. #5
    Member panchabavimm is on a distinguished road
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    Is there any tax exemption for the pension recieved from Cricket board to the ex-players of cricket board ?

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