Tax planning for pensioners

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Richa (Querist)
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28 August 2015 Hi All

I am seeking tax planning for pensioners(Uncommuted pension) who do not have any kind of Chapter VI A deductions.
Kindly guide.

Thanks n regards
Richa Gupta

Amol S Joglekar

Amol S Joglekar (Expert)
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28 August 2015 paying the tax itself is a good tax planning for pensioneers. (Senior citizen)

Richa

Richa (Querist)
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28 August 2015 Pardon Amol Sir could'nt get u..

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Richa

Richa (Querist)
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28 August 2015 Pardon Amol Sir could'nt get u..

Amol S Joglekar

Amol S Joglekar (Expert)
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29 August 2015 For senior citizens, pay the income tax. That itself acts as good TAX PLANNING.

Richa

Richa (Querist)
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29 August 2015 But Sir wt abt defence people who retire early den age of 60. Wt wud u recommend for dem as dey r not senior citizen.

Amol S Joglekar

Amol S Joglekar (Expert)
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29 August 2015 well, in that case the whole of 80C is open for them.
Opt for PPF, LIC, NSC as per the affordability of the short service commission person.

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Richa

Richa (Querist)
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29 August 2015 Anything els othr den ch VI A deductions?

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Amol S Joglekar

Amol S Joglekar (Expert)
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29 August 2015 Home loan can be thought of as investment vis a vis tax planning.