Eligibility for claiming standard deduction.
This query is : Resolved
S K KAUSHIK
(Querist)
22 January 2019
Sir,
I am getting EPFO pension NPS-95 scheme along with SABF pension from LIC under annuity created by Ex-employer IOCL after regular deductions from monthly income. Till last year the same I was showing under the head Income from Other Sources along with some other interest incomes.
For the total pension income can I claim Standard Deduction benefit for ITR filing this year.
With Kind Regards,
S K KAUSHik
I am getting EPFO pension NPS-95 scheme along with SABF pension from LIC under annuity created by Ex-employer IOCL after regular deductions from monthly income. Till last year the same I was showing under the head Income from Other Sources along with some other interest incomes.
For the total pension income can I claim Standard Deduction benefit for ITR filing this year.
With Kind Regards,
S K KAUSHik
Nilesh Gami
(Expert)
23 January 2019
Pension income needs to be shown under income from salary and can claim standard deduction.
S K KAUSHIK
(Querist)
23 January 2019
Thanks for the kind expert advise. Really grateful for the help done.
Regards,
S K KAUSHIK
Regards,
S K KAUSHIK
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