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Itr

Akarsh Goyal (Student-CA Final) (1357 Points)

24 September 2015

how to file income tax return when.a person is having pension income and interest from fd.

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CA Ragini (CA) (405 Points)
Replied 24 September 2015

If a person is receiving Pension after Retirement then u can show pension under the head income from salaries, providing complete details from where that person is receiving pension and show FD interest under income from other sources.

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Akarsh Goyal (Student-CA Final) (1357 Points)
Replied 24 September 2015

thanks...but i want to know how to efile it...i mean itr1 / itr4s

Udgam Koomar (Tax Technologist) (1949 Points)
Replied 24 September 2015

Please login to efiling website and click Quick File > select ITR1 and assessment year, form will open up, fill all the details like pension under salary, interest under other sources, exemptions, 80TTA bank interest etc and the TDS if any. Finalize and click submit

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Akarsh Goyal (Student-CA Final) (1357 Points)
Replied 24 September 2015

thank...r u sure that we can fill pension details in the salary income column..(i know its income.from.salary only..but still is there anything to differentiate pension from salary)

Udgam Koomar (Tax Technologist) (1949 Points)
Replied 24 September 2015

Nah, if its family pension, its goes under Other sources else its considered as salary.

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Miss Rinkal (Student) (1309 Points)
Replied 24 September 2015

Yes I agree with kaardaata. U can either file itr1 or itr 2a if you have only these 2 incomes. In case of itr1 if exempt income is more than 5000/- then use itr 2a. Pension income will be taxed as inco from salary whereas family pension will be taxed as income from other sources

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