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Itr return for ay 2014-15

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Raghu9

MBA

45 Points Posted on 10 March 2016

Sir

My father is senior citizen and his source of income is pensions and Interest of savings accounts from bank.

Pensions : 202000/-

Interest : 176000/-

My questions are

1) Which ITR from is appropriate to file ITR.

2) Any deductions avail on pensions and Interest on bank to calculate gross income?

Replies (1)

Swami Ayyappa Nuli

TAX ADVISOR & CONSULTANT AT G.S.T SUVIDH

997 Points Posted on 10 March 2016

ITR-2A is appropriate form for your case. Pension is fully taxable whether Government or Non Government (If Uncommuted) employee and to be shown under the head- Income from Salaries and Interest Income if on Savings bank account then you can claim deduction u/s.80TTA up to Rs.10,000 otherwise i.e either on F.D or T.D is fully taxable