Investment Declaration

tdas 6
Viewed 2169

Hi,

Does a pensioner with less than the exempted limit (INR 2.25 p.a) of pension per month need to file an investment declaration form?

Kindly guide when and by whom is this investment declaration form filed?

Thanks

exemption-limit pension-income investment-declaration income-tax-return income-tax
1 Answers

If your income before any deductions (like 80C, 80D etc) is more than exemption limit (2 lakh for person below 60 years, 2.5 lakh for above 60 years and 5 lakh above 80 years age), then you would need to file income tax returns.

Similarly investment declaration would be needed in such case. Investment declaration needs to be submitted to employer who pays salary (pension in your case)

Pankaj Batra5212

Thank you Pankaj. Is it only about the income from pension? Or including income from investment as well. In that case my total yearly income is not exceeding 2.5 lakh including investment. Also I have submitted 15G to my bank as well. Do I still need to file investment declaration form???

tdas•

Yes it should include all other incomes as well (FD interest etc). No need to submit declaration in that case.

Pankaj Batra•

Perfect...Thank you for your assistance.. It was much helpful.... A last query.. I have received a sms from my pension branch saying to file a IDF. Now that you have cleared my doubts. So can I ignore the sms or should I write to them saying I do not follow under this bracket to file an IDF?

tdas•
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