I T returns 2023-24( fy)

I T returns 2023-24( fy)

Dear Sir/Madam

Sub: Non-filing of IT returns by pensioners above 75 years and having only pension and interest income on FDs from same specified bank as per Sec.194P, IT Act.

I am a 81 years old Central Govt. pensioner drawing pension from your bank, ie, SBI, HLL  Br.  I am also deriving interest income from few FDRs and SCSS accounts (details available with the bank) with the same branch.  I have no other source of income of any sort.

As per Finance Act 2021, Section 194P,  from FY 2022-23, senior citizens above 75 years are not required to file IT returs provided they are drawing only pension income and interest income on FDs from the same branch of a specified bank and that they do not have any other source of income and they give a declaration to that effect to the said bank and the bank is required to dedecut full tax at source so that the pensioner is not required to file tax returns.  Accordingly, I  hereby declare that I have only pension income and interest income from FDs/Sr.CSS accounts, all being  maintained by your branch(SBI, HLL, Perurkada) and that I have no other source of income. Declaration in Form No. 12BBA duly verified, has already been submitted separately in paper form on 30/06/2023.

My Pension SB Acc. No. 51055418470

My PAN No. AHIPK1075E

My PPO No. 047100000316.

I am entitled for Standard Dedection of ₹50,000/- and deduction towards rebate of ₹50,000 on interest income as applicable to senior citizens. I have also deposited ₹5,00,000/- in tax saving fd( Sr. Citizens Saving Scheme) vide Account No. 41846411516 dt 19/04/2023.

You are accordingly requested to kindly regulate the deduction of full tax at source on my total income and deposit with IT authorities, after considering the above facts so that I am not required to file IT returns for FY 2023-24 (Assessment year 2024-25).

Thanking you,

Sincerely yours,

K. UPAGUPTHAN

Pension SB Acc. No.51055418470

PAN No.AHIPK1075E

PPO No. 047100000316

34, Soorya, Mannamoola,

Plerurkada, Thiruvananthapuram 695005.

Dt. 05/07/2023

Thiruvananthapuram