PENSION FROM EPFO UNDER 1995 SCHEME
This query is : Resolved
21 July 2023
Sir/Madam,
I am a retired individual & in receipt of pension under 1995 scheme from EPFO amounting to Rs. 14484/-pa.I have no other salary income but have income from Capital Gains & other sources. Am I eligible to claim standard deduction & if so then how much?
I file return under OLD SCHEME.
I am a retired individual & in receipt of pension under 1995 scheme from EPFO amounting to Rs. 14484/-pa.I have no other salary income but have income from Capital Gains & other sources. Am I eligible to claim standard deduction & if so then how much?
I file return under OLD SCHEME.
CA R SEETHARAMAN
(Expert)
22 July 2023
Yes, you can claim standard deduction upto 14484 the actual amount received.
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