Is PMVVY Income treated as Income from Salary?

Tech Raja (1 Points)

24 September 2021  

Question on some of the Savings Schemes for Senior Citizens and under what head these need to be reported while filing Return:

PMVVY: As this a Pension Scheme by definition - can this be reported by a Retired Person as Income from Salary and claim the 50K Standard Deduction?

SCSS: Should this reported as Income from Salary or is this treated more like Bank Interest?