Dear experts, My mother has worked in a central autonomous body and retired in October 2013 on superannuation.
For the Financial year 2013-14 Form-16 was issued by the employer for the period from April-13 to October-13 for the Assessment year 2014-15. After retirement, my mother has invested the final payments such as Gratuity, Commutation, EL encashment, GPF accumulation in Term Deposits with SBI for various terms ranging from 1month to 1 year by splitting the amount. Some of the investments have earned interest on their maturity and the interest has been credited to Savings Bank Account of the SBI. In this scenario, how to calculate tax for the entire financial year 2013-14 in this case and how to file e-returns. Please clarify since the last date for e-filing is 31.07.2014.
CAclubindia
