I am a pensioner, 62yrs, also drawing a family pension and having getting tnterest on various types of FDs.
Which ITR should I fill? How much of the family pension is deductible? Does this amount refer to the basic pension or the total pension I actually get? I shall be obliged if you could enlighten me on this. Thankyou Jyotsna Narayanan
27 March 2014
1. ITR 1(Sahaj) 2. Family pension basic deduction, lower of Rs. 15000 or 1/3 of total pension. 3. Your own monthly pension is exempt if you are state or central govt. employee
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