Which ITR is to submitted by an advocate who is getting pension from his previous job?
Suresh Phadkule (Advocate ) (17 Points)
15 March 2025Which ITR is to submitted by an advocate who is getting pension from his previous job?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6829 Points)
Replied 15 March 2025
MPR Sanjay Kumar
(3131 Points)
Replied 16 March 2025
An advocate receiving a pension from a previous job should file ITR-1 (Sahaj) if their total income consists solely of salary (pension) and other eligible income sources like interest. Here are the details:
When to Use ITR-1
Income Sources: If the advocate's income includes:
Pension (considered as salary income)
Interest income from savings accounts or fixed deposits
Other sources of income like family pension
Income Limit: The total income must not exceed ₹50 lakh.
Filing Process
Collect Documents: Gather necessary documents such as pension certificates, Form 16 (if applicable), bank statements, and proofs for any deductions.
Log In to E-Filing Portal: Visit the Income Tax e-filing website and log in using your credentials.
Select ITR Form: Choose ITR-1 from the options available.
Fill in Details: Enter personal information, details of income (including pension), and any deductions under sections like 80C or 80D.
Verify and Submit: After filling out the form, verify the details and submit it before the due date.
Alternative ITR Form
If the advocate has additional income from a profession (e.g., legal fees), they may need to file ITR-3 instead, which accommodates income from business or profession along with salary/pension.
Conclusion
For a straightforward situation with only pension and interest income, ITR-1 is appropriate. If there are complexities involving professional income, consider ITR-3. Ensure to file the return before the deadline to avoid penalties.