17 December 2012
A retired senior citizen gets pension which does not exceed basic exemption limit. but every year TDS is deducted by the employer. how can we apply for no deduction of TDS on the pension amount instead of claiming refund every year. Is form 13 applicable to senior citizen pension amount?
19 December 2012
Where pension received does not exceed basic limit, employer is not under obligation to deduct tax at source. Submit application to employer requesting not to deduct tax along with calculation of estimated income for current year and for his satisfaction may submit ack. or intimation of past years to prove that income was below limit and does not attract tax, to avoid the unauthorised TDS.