Standard deduction for pensioners for ay 2019-20

This query is : Resolved

Chandru (Querist)
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09 January 2019 I understand that pensioners are eligible to claim std deduction of Rs 40K for Ay 2019-20 if pension is paid by employers as it will be treated as salary. I am a pensioner drawing pension under EPS scheme and also receiving super annuation annuity from LIC under the policy taken by my past employer. Am I eligible to claim standard deduction as pension is not directly given by the employer? If I am eligible, should I report both the income in IT returns under the head SALARY since all along I have been showing it under the head OTHER INCOME?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 January 2019 Yes report both the income under salary and claim standard deduction of 40,000.

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Chandru

Chandru (Querist)
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10 January 2019 Should I have to mention the last employer name, address and TAN in ITR since I assume that these have to be entered too though I have retired. Also during earlier years, both EPS and superannuation annuity was shown under head of other income. Will it not contradict if I start showing it under salaries from fy 2018 19?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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10 January 2019 Such pension should have been shown under salary. Now you are correcting it no problem.
You are receiving the pension based on contribution made by company so mention the lastest company you served.

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