Sir, I am retired defence person and presently employed in PSU bank and drawing salary from bank also. Iam indiviual and aged 45 yrs wife- house wife Children - 10th and 12th class My Query 1. Is my defence pension taxable ? My Financial details are as follow:- Pension Rs 18000/- pm from Apr 15 to 31 Mar 16. Salary Rs 19000/ pm from Jun 15 to 31 Mar 16. Interest From FD Rs 8000/- Tax not dedicated by bank as form 15 g was submitted Interest from Saving account:- Rs 12000/- What will be my tax amount. Form 16 given by employer is only showing salary detail as above detail were not disclosed to employer. My wife is having FD and interest certificate from bank show interest of Rs 2,24,513/- upto 31 Mar 16 Tax not dedicated by bank, as form 15 g was submitted. She has her own PAN Number. Do my wife need to also file IT return also.