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Arrear Received by pensioner - Income TaxExtract Dear Expert, My father retired from BSNL on 01.04.2007. on September-2012 he received pension arrears, gratuity arrears and pension commutation arrears which is cumulatively Rs.4 lacs. and his pension is also increased. From September bank has deducted TDS from his monthly pension. Is this type of arrear is taxable? He has a MIS in post office and a few Fixed deposit with bank. If the arrears is not table then is total salary will be ( Total pension for the year + Interest from MIS for the year + Interest from F.D for the year). He has purchase a NSC worth Rs.1 lack in this financial year and as per new income tax rules interest from S.B a/c will not be taxable. Please figure out how his taxable income can be relise?
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