Sir, I retired from Bank job on 30-6-2011. So I got full salary for 3 months Rs.1.50 lakh and 8 months I got pension of Rs.1.65 lakhs. After Retirement I received 29 lakhs as Retirement benefit which I deposited in my own Bank and received interest income of Rs.1.35 lakhs for y.e.31-3-2012. I want to know in which type of form I should file I.Tax to show 3 months Salary plus 8 months Pension plus all terminal benefits ? All terminal benefits are fully exempted from Income Tax, so is it necessary to show the same in I Tax Return to avoid future query from I Tax dept ?. Whether I can claim House Rent concession under sect.10 D against pension amount as I stay in my own house. TDS of Rs.13500/- is deducted by Bank on interest income of Rs.1.35 lakhs on my Bank deposit. Even though my Salary plus Pension is below Rs.5 lakhs still I have to file I.Tax return to claim refund of part amount of TDS deducted on interest by bank. I am a senior citizen. I have made investment of Rs.2.00 lakhs uner Sec.80 CC. So.pl guide which I,Tax form I should use and whether it is necessary to declare Retirement benefit of Rs.29 lakhs even though it is exepted from I.Tax?? Yours truly Praveen Kumar shetty date:25-7-2012.
