just got confused

my father died in feb 2009 he retired from army. now my mom gets a pension of 3 lacs per annum. i am confused about her tax. she is 60 yrs old.

1) she comes under tax slab for women as total saving of 1 lac u/s 80c is taken.

2) her income is ITR -1 column 2 i.e. income from other sources.

3) the bank F,D. she has of appox 2 lacs on which interest is deducted as TDS. how to show it on ITR. column it adds in total salary and then tax has to be calculated and amount paid in TDS shall be deducted,

Am i right or wrong.

Replies (1)

Hi,

As regards pension, it seems that it is family pension that your mother is getting. If so, then it is taxed under income from other sources. You may visit the following link for understanding the scheme of taxation in India or understanding the exemptions available, if any from the pension.

/articles/tds-provisions-on-pension-payments-4875.asp

Her income will be calculated as under -

Income from other sources

Pension                                                   3,00,000

Less - deduction u/s 57(iia)                   15,000               2,85,000

Bank FD Interest                                                                  2,00,000

Gross Total Income                                                            4,85,000

Less - deductions u/s 80 C                                               1,00,000

Taxable Income                                                                   3,85,000

Gross Tax                                                                                 28,000

Less - TDS On Interest                                                          20,000

Balance tax payable                                                                 8,000

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details