New Income Tax return form for pensioners!
Posted on: 23/Apr/2015 3:08:33 PM
Pension office deducts the income tax calculated from the monthly pension amount as per the total pension earned during the financial year from March to February.
In a recent development, the accounting department of the treasury has created a new format for facilitating the pensioners to give details regarding the total pension drawn and the various investments at the beginning of the year.
This new form can be downloaded from: www.tn.gov.in/karuvoolam.
The form can be obtained from the pension office or from the treasury.
Form 16, released through internet, duly signed by the pension paying officer and the treasury officer, will be distributed before 31st March.
Pensioners can check and confirm the details regarding the status on Income Tax payments from the internet.
