Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Partha Chattopadhyay   24 September 2020

Income tax

A psu company pays pension to an ex-employee through a nationalised bank. But why the pension paid is not shown in 26 (AS)? While mentioing this pension in ITR1, will it not be classified as tax-credit mismatch?


Learning

 2 Replies

G.L.N. Prasad (Retired employee.)     25 September 2020

File RTI Application to such PSU and seek information as to the reasons for not disclosing the pension income in 26 (AS).  The obligation of the employer is only for the deduction of TDS if the pension is above the taxable limit.  The pensioner can demand and get such certificates from his employer showing the pension disbursement in one year.

P. Venu (Advocate)     25 September 2020

Is the pension paid beyond the exempted limit?


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register