Raghu9 (MBA) (64 Points)
10 March 2016Sir
My father is senior citizen and his source of income is pensions and Interest of savings accounts from bank.
Pensions : 202000/-
Interest : 176000/-
My questions are
1) Which ITR from is appropriate to file ITR.
2) Any deductions avail on pensions and Interest on bank to calculate gross income?
Swami Ayyappa Nuli
(TAX ADVISOR & CONSULTANT AT G.S.T SUVIDHA CENTER)
(1372 Points)
Replied 10 March 2016
ITR-2A is appropriate form for your case. Pension is fully taxable whether Government or Non Government (If Uncommuted) employee and to be shown under the head- Income from Salaries and Interest Income if on Savings bank account then you can claim deduction u/s.80TTA up to Rs.10,000 otherwise i.e either on F.D or T.D is fully taxable
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