1. old age taxpayer whose total income above 100000 or ANI 100000 do not get PAA? PAA is reduced to PA if he has total income 100000 or ANI 100000?
2. sir income from NISA or NS&I certificates exempt? I got a bit confused. in one page it is given income from NISA and interest from NS &I certificates are exempt.
and another page it is said income from NSI certificates is exempt and interest from it is received gross.
3.while calculating tax payable, tax credit on dividend is deducted from liability at first or we have to deduct in order. i.e. PAYE, tax from saving income and from dividend respectively .