Age 76 yrs. For current AY 2018-19 , I am pensioner , please tell how it is to be shown and at what rate tax to be paid? One more query - for reporting purpose tax free long term capital gain to be shown under Sec 10(38) or Sec 10(34) ? , the short term capital gain from Mutual Fund is to be added in other income and tax is to be paid as per applicable tax slab (mine 5%) - please confirm if I am correct. If I am wrong
1 Answers
Hi,
Pension income is taxable as per applicable income tax rate slab.
You can show exempted LTCG under 'Exempt income' section of ITR.
STCG has to be shown under respective Capital Gains section.
15% is the tax rate for STCG.
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