A 80 year old defence pensioner, (Sepoy 'Y' Group) who does not have a PAN Card would have paid a Tax of around Rs.8000 for the Financial year 2016-17. Even if the bank did not recover, it is the duty of the pensioner to file Income Tax Return for the AY 2017-18.
The pensioner has to complete the following formalities to get relief/refund of the tax recovered.
1. First they have to get PAN Card and submit to the Bank immediately.
2. Get pension received statement along with all the arrears from 1.4.2006 to 31.3.2017 from the bank.
3. Get all the Tax saving investment.
Submit all the above to an Auditor by April 2017 for getting refund of the tax deducted. Suppost if you are not able to get the Pension received statement from 1.1.2006 from the Bank, you can use our calculator available by cliking the following link.
Fill up the yellow cells. For filling up the Pension on various dates such as 1.1.2006, 1.7.2009, 24.9.2012, 1.7.2014 and 1.1.2016 please make use of SUVIGYA Software from CGDA website.
For getting pension as on 1.7.2014 make use of www.exweltrust.in website arrears menu for OROP and multiply the pension of 1.7.2014 with 2.57 for the pension of 1.1.2016.
You will get the Financial year wise break up along with the break up of delinking arrear print out which you have taken from www.exweltrust.in website.
With the help of this print out you can prepare Form 10E before filing IT return. You will get relfund of the tax recovered.
All the defence pensioners are entitled to Tax Relief under Section 89(1) for the arrears received on Delinking, OROP Instalments and 7 CPC due paid during the FY 2016-17.
In order to claim relief, every one has to file Form 10E on line before filing ITR. Without filing Form 10E, you cannot claim IT Relief.
The following details are required for filing For 10E.
1. Pension received for the Years from 2005-06 to 2016-17.
2. Financial yearwise break up of the following arrears.
1. OROP Instalments.
2. Cir.547 Arrears.
3. Delinking arrears receoved in Dec 16/Jan 17.
4. 7 CPC arrears ereceived .
Prepare Form 10E Annexure I and Table A and keep Ready for filing on line in April 2017.
The Break up for the Delinking arrears is available in our webssite free of cost.
Wait for more instructions on Income Tax filing.
All Defence pensioners must submit their PAN Number to the Bank immediately. Collect Form 16A from Bank in April 2017.
If possible get pension statement from the bank from 1.1.2006 to 31.3.207. If you are having pass book, copy down the entire pension and total yearwise.
If you do not take interest in preparing the above documents, you will not get the IT Relief which will be around 20,000 to 30,000.
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