income tax return filing for FY 17-18 & AY 18-19 for pensioner or retired person | ITR1 live filing
104.8 هزار بار بازدید -
6 سال پیش
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income tax return filing for
income tax return filing for FY 17-18 & AY18-19 for pensioner or retired person
How to file income tax return for pensioners or retired person for Ay 2018-19 is most requested video. Pensioners can easily file Income tax return (ITR 1) for AY 18-19 by watching this video. New ITR forms for AY 18-19 or FY 17-18 are now available for filing on www.incometaxindiaefiling.gov.in
You can easily get to know how to file ITR 1 (one page form) or how to file income tax return for AY 18-19.This is Live demo on How to file income tax return or ITR 1 for AY 18-19 and FY 17-18 for pensioners or retired persons.
First question arise who can file ITR 1:
ITR 1 can be filed in case (for individuals and HUF being a resident other than not ordinary resident (NRI) having income from salaries, One House Property, Other Sources, and having total income upto Rs.50 Lakhs)
Than what is Pension or Types of Pensions?
1) PENSION AFTER RETIREMENT FROM JOB
2) FAMILY PENSION
Detailed:
1) PENSION AFTER RETIREMENT FROM JOB:
Pension is taxable under the head salaries in your Income Tax Return.
• Usually pension is paid out periodically, on a monthly basis,
• you may also choose to take pension as a lump sum (also called commuted pension) instead of a periodical payment.
• Uncommuted pension or any periodical payment of pension is fully taxable as salary.
• Commuted pension or lump sum received may be exempt in certain cases.
• For a government employee, commuted pension is fully exempt.
• For a non-government employee, it is partially exempt.
• CASE1: If Gratuity is also received with pension – 1/3rd of the amount of pension that would have been received if 100% of the pension was commuted is exempt from commuted pension and remaining is taxed as salary.
• CASE2: only pension is received, gratuity is not received – ½ of the amount of pension that would have been received if 100% of the pension was commuted is exempt.
2) FAMILY PENSION:
Pension received by a family member though is taxed under income from other sources in your Income Tax Return.
• If this pension is commuted or is a lump sum payment it is not taxable.
• Uncommuted pension received by a family member is exempt to a certain extent. Rs 15,000 or 1/3rd of the uncommuted pension received -whichever is less is exempt from tax.
For Example – If a family member receives pension of Rs 100000 the exemption available is least of – Rs15,000 or Rs 33333 (1/3rd of Rs 1,00,000). Thus the taxable family pension will be Rs100000 – Rs15000 = Rs85000
IMPORTANT:
Pension that is received from UNO by its employees or their family is exempt from tax. Pension received by family members of Armed Forces is also exempt.
Following is link to download LINK TO DOWNLOAD COMPUTATION TO FILE ITR 1 FOR AY 18-19 OR FY 17-18: https://cagurujii.blogspot.in/2018/04...
We will send reminder of Last date of ITR filing so that you will never miss due date of filing your ITR, but subscribe is must for the same.
***How to register and login on income tax efiling website to file income tax return : How to register and login on income t...
***How to E-Verify Income tax return or ITR V to save time to send hard copy of ITR V to CPC: How to E-Verify Income tax return or ...
***online 26as traces / how to view and download 26as from traces | view tax credit statement: online 26as traces / how to view and ...
*** Deductions U/s 80C : Deduction U/S 80C | Income Tax बचाएं ...
***Tax saving tips new 2018 | preventive health check up u/s 80D | Deduction u/s 80D | 80D new changes: 80D for ITR, preventive health check ...
***Tax saving Tips new2018 #2 | Deduction u/s 80GG for business man & salaried person paying house rent: How to file income tax return to clai...
***234F | ITR टाइम पर FILE नहीं की तो देनी पड़ेगी PENALTY | penalty on non filing ITR section 234F 2018: 234F | ITR टाइम पर FILE नहीं की तो दे...
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KAJAL: MAYBELLINE COLLOSAL : https://amzn.to/2qKoi4p
Thanks
#itr1new
#howtofileitrforpensioners
#howtofileincometaxreturnnew
#newitr
#newitr12018
#ITR12018 for retiredpersons
How to file income tax return for pensioners or retired person for Ay 2018-19 is most requested video. Pensioners can easily file Income tax return (ITR 1) for AY 18-19 by watching this video. New ITR forms for AY 18-19 or FY 17-18 are now available for filing on www.incometaxindiaefiling.gov.in
You can easily get to know how to file ITR 1 (one page form) or how to file income tax return for AY 18-19.This is Live demo on How to file income tax return or ITR 1 for AY 18-19 and FY 17-18 for pensioners or retired persons.
First question arise who can file ITR 1:
ITR 1 can be filed in case (for individuals and HUF being a resident other than not ordinary resident (NRI) having income from salaries, One House Property, Other Sources, and having total income upto Rs.50 Lakhs)
Than what is Pension or Types of Pensions?
1) PENSION AFTER RETIREMENT FROM JOB
2) FAMILY PENSION
Detailed:
1) PENSION AFTER RETIREMENT FROM JOB:
Pension is taxable under the head salaries in your Income Tax Return.
• Usually pension is paid out periodically, on a monthly basis,
• you may also choose to take pension as a lump sum (also called commuted pension) instead of a periodical payment.
• Uncommuted pension or any periodical payment of pension is fully taxable as salary.
• Commuted pension or lump sum received may be exempt in certain cases.
• For a government employee, commuted pension is fully exempt.
• For a non-government employee, it is partially exempt.
• CASE1: If Gratuity is also received with pension – 1/3rd of the amount of pension that would have been received if 100% of the pension was commuted is exempt from commuted pension and remaining is taxed as salary.
• CASE2: only pension is received, gratuity is not received – ½ of the amount of pension that would have been received if 100% of the pension was commuted is exempt.
2) FAMILY PENSION:
Pension received by a family member though is taxed under income from other sources in your Income Tax Return.
• If this pension is commuted or is a lump sum payment it is not taxable.
• Uncommuted pension received by a family member is exempt to a certain extent. Rs 15,000 or 1/3rd of the uncommuted pension received -whichever is less is exempt from tax.
For Example – If a family member receives pension of Rs 100000 the exemption available is least of – Rs15,000 or Rs 33333 (1/3rd of Rs 1,00,000). Thus the taxable family pension will be Rs100000 – Rs15000 = Rs85000
IMPORTANT:
Pension that is received from UNO by its employees or their family is exempt from tax. Pension received by family members of Armed Forces is also exempt.
Following is link to download LINK TO DOWNLOAD COMPUTATION TO FILE ITR 1 FOR AY 18-19 OR FY 17-18: https://cagurujii.blogspot.in/2018/04...
We will send reminder of Last date of ITR filing so that you will never miss due date of filing your ITR, but subscribe is must for the same.
***How to register and login on income tax efiling website to file income tax return : How to register and login on income t...
***How to E-Verify Income tax return or ITR V to save time to send hard copy of ITR V to CPC: How to E-Verify Income tax return or ...
***online 26as traces / how to view and download 26as from traces | view tax credit statement: online 26as traces / how to view and ...
*** Deductions U/s 80C : Deduction U/S 80C | Income Tax बचाएं ...
***Tax saving tips new 2018 | preventive health check up u/s 80D | Deduction u/s 80D | 80D new changes: 80D for ITR, preventive health check ...
***Tax saving Tips new2018 #2 | Deduction u/s 80GG for business man & salaried person paying house rent: How to file income tax return to clai...
***234F | ITR टाइम पर FILE नहीं की तो देनी पड़ेगी PENALTY | penalty on non filing ITR section 234F 2018: 234F | ITR टाइम पर FILE नहीं की तो दे...
Visit our website: https://cagurujii.blogspot.in
Follow Us:
* Facebook Page: Facebook: CAGuruji
*Twitter: Twitter: cagurujii
*Instagram: Instagram: caguruji
* Website: https://cagurujii.blogspot.in
* Subscribe to our another channel (Right Info Corner) as well: rightinfocorner
****Makeup products I usually apply for videos are:
Lipstick: Sugar Cosmetics: https://amzn.to/2qK3IkU
Lakme 9 to 5 : https://amzn.to/2HdcKh7
Foundation: Maybelline FIT ME: https://amzn.to/2qInXzp
COMPACT: Maybelline FIT ME: https://amzn.to/2qK476V
MASCARA: MAYBELLINE COLLOSAL MASCARA: https://amzn.to/2qKhDal
KAJAL: MAYBELLINE COLLOSAL : https://amzn.to/2qKoi4p
Thanks
#itr1new
#howtofileitrforpensioners
#howtofileincometaxreturnnew
#newitr
#newitr12018
#ITR12018 for retiredpersons
6 سال پیش
در تاریخ 1397/02/09 منتشر شده
است.
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