can somebody advice me about calculation of incometax 16-17 AY (15-16) if the total nearly 4.69lacs. for Sr. cit. age 62 yrs.
how much income tax i have to pay
so enable me to to pay in the bank as self assessed tax. more  

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my dear brothers and sisters,,, pl go on paying income tax and all banks will go on write off all bad loan years and years. more  
I feel Mr Yash Chopra is right. more  
Senior Citizen income is exempt up to Rs. 3.00 lac and over and above Rs. 3.00 lac tax rate is @ 10%. If you have any LIC or any payment made to be adjusted under section 80 - C , kindly adjust the same. If no amount is to be deductible under section 80- C than you have to deposit Rs. 17,407/- @ 10% on 1,69,000/- and 3% surcharge on Rs. 16,900/- Regards SKG more  
Pleas , dear circle members, it is inappropriate to use language like the one used by Mr. Sharma. Let us respect each others views and keep quiet in case you do not like the complaint. more  
thanks got it. more  
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