Kindly advise me on the following:
I am just retired in June'14 (60 yrs) and will have pension+bank FD interest. please clarify pension to be treated as income from other sources or salaries,
also which form need to be used for ITR
thanks
babu
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Income from pension and fd interest
Replies (12)
It will be treated as Salary. Use ITR- 1.
You may use ITR-1 to file your returns.
Fd interest other sources,pension under salary.You can use ITR-1.
Itr 1. Also check to claim tds on fd if deducted.
Use itr 1 and treat pension as salary and fd as income from other sources
I want to pay demand amount for a.y 2011-12.. so I want to know that demand amount comes under which of the following heads:
Income tax
interest
penalty
others
ITR 1 salary and other income.
Pension from employer treated as salary income and fd interest is charge in other sources.
Use ITR1
You can file online by using Itr-1
RETURN ITR1
You have to use ITR-2 Because you have earned Pension ( Salary ) & Interest.
you have to use ITR-2 ..........Because you have derived income by way of Salary & Other Sources.
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