Comment posted on Income Tax E-filing and its benefits by sushila.
i am a defence family pensioner. i was sanctioned family pension wef jan 2010 and got the family pension for FY 2011-12 along with arrears of FY 2009-10 & 2010-11. Point on which clarification sought is (i) whether under column A17 of ITR1 i shd mention NA/Gov/or others. (ii) whether amt of family pension shd be mentioned in col. B3 as income from other sources after deducting Rs 15000/- + interests from FDs. (iii) whether i can claim relief u/s 89 in col D4. in r/o arrears of FYs 2009-10 &2010-11. (iv) how to send Form 10E and Annex.1 if i am efiling my tax return and (v) can i rectify the ITR1 already filed by correcting information wherever necessary….i have as yet not sent the ITR-V (Verification Form)
sushila also commented
i view of the above confirmation, and since the amount received as family pension is to be shown as income under “other sources” will I still be entitled to claim relief under Sec 89 . As per Form 10 E, the relief under sec 89 can be claimed by a Govt. servant or an employee in a company, cooperative society etc. My status is neither that of a govt. servant nor an employee of a company etc. If i am not entitled to claim relief under Section 89, then i will have to rework the tax calculations on the total amount received (inclusive of arrears) as Family Pension during FY 2011-12 and deposit tax due with penal interest. Pl advise.
- Thanks for your prompt clarifications on the points raised by me. However, in one of the sites which i have visited , holds a different view. The position stated therein is quoted below:-
” Deduction in respect of family pension (chargeable under the head “Other Income)”:
Section 57(iia) provides that in the case of income in the nature of family pension, a deduction of a sum equal to fifteen thousand rupees or one third of such income, whichever is less, is available. For the purpose of this clause the term “family pension” means a regular monthly amount payable by the employer to a person belonging to the family of an employee in the event of his death. Please note that in such cases the amount received by the spouse/dependents of the employee from the employer would be taxed in the hands of the spouse/dependent under the head “Income from other sources” and not under “Salary”.
In view of the above, i would request you kindly to let me know the correct position to enable me to revise my online ITR 1 accordingly.