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Appropriate Return Form

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27 February 2010 A Government Employee, having only Interest income (chargeable to Income fromOther Sources) other than Salary, receives Rs.25 lakh on retirement under various heads - Gratuity, Leave encashment, Provident Fund, etc which are exempt from tax.
1.Which is the appropriate form of return - ITR-1 or ITR-2?
2.If he is required to mention these receipts in Return?
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CA Ashok Kumar Sahu

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CA Ashok Kumar Sahu (Expert)
27 February 2010 ITR 1 is better form
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Somebody

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Somebody (Querist)
28 February 2010 Thanks CA Ashok.
Since the exempt income/receipts of the person do fall in the category of Salary, I believe, as there exists employer-employee relation, only ITR-1 is applicable.
But at the same time in ITR 1, one can declare Exempt INTEREST Income only. The person in question has earned/received hefty Rs.25 Lakh on a/c of Gratuity, PF, Leave encashment, etc. If ITR-1 is filled, these receipts shall remain unreported.
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