Pension income

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article assistant
501 Points Posted on 06 August 2020
A person is working in State Bank of India.
He receives salary and pension
can i show the pension income in other sources
or add in salary while filling ITR AY 2020-21
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On 06 August 2020 at 20:35 Report
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Quick Summary
This discussion clarifies how to declare pension income when filing your Income Tax Return (ITR). It explains that pension received from a former employer, due to the employment relationship, should be shown under the 'salary' head. It is not considered 'other income' and must be declared accordingly.

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6 Points Posted on 06 August 2020
In other sources
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On 06 August 2020 at 20:56
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Tax and Business Consultant
11616 Points Posted on 06 August 2020
You have to show your pension income under head salary, (As it's received from your former employer as a employees-employer relationship, as a part of employment), it's not your other Income.
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On 06 August 2020 at 22:11

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