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Income from pension head

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2017 Dear Sir

How to calculate income from pension as per form no 16? for senior citizen?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
24 June 2017 Income received per month or on retirement.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2017 Total amount received as per bank 4211982 but Form 16 part B annexure showing 271182. which one i have to mention ITR?



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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
24 June 2017 This amt received lumpsum on retirement or either on monthly basis.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2017 monthly basis received
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
24 June 2017 Whole amt is taxable i.e. 4211982.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2017 Thank you Madam.....
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
24 June 2017 Always welcome.............



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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2017 Madam Sorry another question Other allowances is

Taxable or exempt from income tax salary head ?
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
24 June 2017 Other allowances are always taxable.

It depends on allowance is it taxable or not.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2017 If there any exemption limit . how to calculate this? if there any link please paste it
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
25 June 2017 https://www.bankbazaar.com/tax/taxable-non-taxable-allowances-for-salaried-individuals.html




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