RESPECTED SIR,
IF A PERSON GET PENSION FROM GOVT.AUTHORITY HOW IT IS POSSIBLE TO DETUCT THE INCOME TAX ON THE PENSION AMOUNT OR INTEREST ON PENSION AMOUNT BY THE BANK .
raj kumar ji (LAW STUDENT ) 26 August 2011
RESPECTED SIR,
IF A PERSON GET PENSION FROM GOVT.AUTHORITY HOW IT IS POSSIBLE TO DETUCT THE INCOME TAX ON THE PENSION AMOUNT OR INTEREST ON PENSION AMOUNT BY THE BANK .
Raj Kumar Makkad (Adv P & H High Court Chandigarh) 26 August 2011
Sadashiv Rupchand Gaikwad (Partner) 10 September 2011
RBI & ITD issued notification to the Banks who disbused Pension must deduct TDS on Pension as same rule of Regular Employe salary.Pension is covered as "Salary " income, you may produce proof of Investment u/s 80C,80D etc for tax Deduction