Tax treatment of monthly eps pension received from epfo
This query is : Resolved
15 June 2019
Please explain what is the tax treatment of monthly EPS Pension received from EPFO and whether Standard
Deduction is available under Section16 and where to show the Income in ITR1.
Thank you.
Deduction is available under Section16 and where to show the Income in ITR1.
Thank you.
16 June 2019
Show it under salary income and claim standard deduction.
02 July 2019
Thank you, sir, very much for the reply.
I received Rs.2182x12=Rs.26184.00 as pension during 218-19,whether whole amount is eligible for Standard Deduction.
How and where to show Interest from PPF Account in ITR1.
Thanks again.
I received Rs.2182x12=Rs.26184.00 as pension during 218-19,whether whole amount is eligible for Standard Deduction.
How and where to show Interest from PPF Account in ITR1.
Thanks again.
02 July 2019
Yes whole amount is eligible for standard deduction.
PPF interest show it in exempt income schedule.
PPF interest show it in exempt income schedule.
Message likes :
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02 July 2019
Thank you so much,Sir.
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