Non filinf of income tax return

[Guest]

Dear Sir,

One female senior citizen who is retirement Govt Employee getting pension monthly her own and her husbands pension also which is total near about 4.5 lacs and also she has some F.D on her Name and getting the interest on this F.D and also getting the interest on her Saving bank account which near about 1.5 Lacs Total income is 6 Lacs. But She don't filing the income tax return because of not aware of this. Now she get the Notice from income tax department for non filing of income tax return.

So any one can guide me on below query.

1) Is the pension income are taxable or not ?

2) As her husbands pension received by her account because her Husband has died Husbands Pension also taxable or not ?

3) whether any penalty and interest will liable for non filing of return and non payment of Income tax on pension as well as interest ?

4) If we want now for filing income tax return and payment the income tax then what is the procedure ?

Regards

Swapneswar Muduli

[DR.MARIAPPAN GOVINDARAJAN]

The pension received by the lady and the family pension of her husband are taxable. Return can be filed now. After making adjustments like that of saving etc., income tax along with interest may be paid. The bank interest is also liable for tax but having deduction.

[KASTURI SETHI]

Sh.MARIAPPAN GOVINDARAJAN Ji,

Sir, Is there any penalty for late filing of Income Tax Return ? What is rate interest for delay in payment of Income Tax ? Thanks.

With regards,

KASTURI SETHI

AI Summary

Retired Govt Employee Must File Tax Return: Both Pensions and Bank Interest Are Taxable; Learn About Penalties and Filing. A senior citizen, a retired government employee, receives her own pension and her deceased husband's pension, totaling approximately 4.5 lakhs, alongside interest from fixed deposits and a savings account, bringing her total income to 6 lakhs. Unaware of tax obligations, she did not file an income tax return and received a notice for non-filing. Queries include whether her own and her husband's pensions are taxable, potential penalties and interest for non-filing, and the procedure for filing returns and paying taxes. Responses confirm the taxability of both pensions and bank interest, and advise on filing returns with applicable adjustments and interest payments.