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Income tax return
I want to know if a retired person aged 62 years has monthly pension of Rs 1000 and bank interest income below taxable return which ITR he should file for AY 2014-15?
Replies (9)
Use ITR1 to file the return.
itr-1 should be filed
no need to file return as the total income below taxable limit
Itr1 for refund claimed
If any TDs is there on his bank interest or pension he will have to file a return to get back the TDs otherwise no need to file return his income is below taxable income
Net income less than 2,50,000 (age 60 or above) not required to fill Income Tax Return, if there is no TDS, but Tax deducted by the bank for interest, then you will get the amount as refund only by the way of ITR filing. 
If TDS not deducted on salary & income below taxable limit, May submit Form 15 H as senior citizen (for not to deduduct TDS on Bank Interest).
Ms. Radha you had not mntion the interest income from bank
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