SRIKANTH NATARAJAN (Others) (38 Points)
24 May 2015My father worked for Indian Air Force and PSU Bank. Now he is retired and drawing pension from both. This year his income (pension) exceeds more than Rs 3 lakhs. He dont have anything to make 80C deduction.
Which ITR form he has to file. This is the first time he is doing e-filing. Please help.
Z
( )
(2960 Points)
Replied 25 May 2015
Since he worked in Indian Air Force i.e under Central Govt. , the amount of pension would be exempt u/s 10
ITR-1 can be used if exempt income does not exceed rupees 5000
If it does then use ITR 2
CAclubindia
