taxation of senior citizen
This query is : Open
05 May 2016
my father retired last year on march 31 2015.
presently he is earning monthly government pension and l interest income from saving bank account and also from Senior citizen saving scheme.
kindly advice on tax compliance and provision applicable for assessment in this year.
thanks
regards
05 May 2016
File ITR 1 showing pension under salary head. Show interest income including from savings bank under income from other sources. Claim 80TTA deduction up to 10000 on savings account interest.
05 May 2016
thank you very much sir
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