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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 December 2016
i m state govt. teacher. i m retired person from Mumbai. I am getting pension from govt. if it crosses 250000/- do i have to file income tax return and pay tax or is it tax free? if i invest in N.S.C. (national saving certificate).Interest earned is taxable or tax free. under which section
16 December 2016
Pension is taxable. Return has to be filed. Interest on NSC is taxable and to be offered as income under the head 'income from other sources'.
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