Eligibility for claiming standard deduction.
This query is : Resolved
22 January 2019
Sir,
I am getting EPFO pension NPS-95 scheme along with SABF pension from LIC under annuity created by Ex-employer IOCL after regular deductions from monthly income. Till last year the same I was showing under the head Income from Other Sources along with some other interest incomes.
For the total pension income can I claim Standard Deduction benefit for ITR filing this year.
With Kind Regards,
S K KAUSHik
I am getting EPFO pension NPS-95 scheme along with SABF pension from LIC under annuity created by Ex-employer IOCL after regular deductions from monthly income. Till last year the same I was showing under the head Income from Other Sources along with some other interest incomes.
For the total pension income can I claim Standard Deduction benefit for ITR filing this year.
With Kind Regards,
S K KAUSHik
23 January 2019
Pension income needs to be shown under income from salary and can claim standard deduction.
23 January 2019
Thanks for the kind expert advise. Really grateful for the help done.
Regards,
S K KAUSHIK
Regards,
S K KAUSHIK
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