How do I account my pension income from the superannuation account operated by my prev. co. in IT returns?
I have not transferred any amount from my prev. company’s super annuation account to the current company SA account. I did not commute any part of that as well. Hence I am getting my pension paid out on a yearly basis from LIC with which my prev. company had the SA account. How do I treat this income from taxation perspective and where do I specify the same in ITR-2 (as I have to declare Income from house property)? As per Section 2 of the IT Act, I hope this should be quoted as part of “Salaries”. However in ITR-2 this part also requires the Employer name to be specified. As I am out of my prev. company, I am confused what to write there.
Pension is treated as Salary Income.
Give details of last (i.e. present) employer.
HMT
Berlin-Zehlendorf – Summer 1971
