Annuity pension reporting under salary schedule
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Shrawan Kumar
(Querist)
16 June 2024
Hi,
My employer had a superannuation fund . Later it was transferred to NPS. Further contribution from employer went into same NPS account. On my retirement as per the rule I bought an annuity pension from the required portion of the NPS corpus through an annuity service provider. My questions :
1. Can I report this pension under salary head in ITR to claim standard deduction?
2. If yes, what should I mention as Employer Name for the same ?
My employer had a superannuation fund . Later it was transferred to NPS. Further contribution from employer went into same NPS account. On my retirement as per the rule I bought an annuity pension from the required portion of the NPS corpus through an annuity service provider. My questions :
1. Can I report this pension under salary head in ITR to claim standard deduction?
2. If yes, what should I mention as Employer Name for the same ?
Dhirajlal Rambhia
(Expert)
16 June 2024
1. Yes
2. Others, annuity provider.
2. Others, annuity provider.
Shrawan Kumar
(Querist)
16 June 2024
How can others be employer name ? In itr 2 one has to give employer name for any salary type income .
Dhirajlal Rambhia
(Expert)
16 June 2024
That is the employer's category. Here the name would be as per annuity issuing authority.
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