02 September 2015
A 58 year old man is a retired person. During F.Y.2014-15, he has got Rs.24,000/- towards Pension and Rs.1,44,000/- towards Interest on Fixed Deposit. He has submitted Form 15G to the bank for the said financial year and hence no TDS has deducted. He does not have any other source of income except above two amounts. My query is, how/where to show these amounts in ITR1 ? Since, his total income is not exceeding the basic exemption limit, ITR1 excel utility should not calculate any tax after pressing "Calculate Tax" button. Please guide me. Thanks in advance.
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