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Joined June 2010
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Pension, if assessee's own, will come under salary. If it is in the nature of family pension, then it will come under the head Other Sources.
- In respect of family pension, deduction u/s 57(iia) of Rs.15,000 or 1/3rd of the amount received, whichever is less, is available.
Interest will come under Other Sources.
- Interest on Saving Account will get deduction u/s 80TTA to the extent of Rs 10,000