Home › TNEB / Govt Power Sector Employees › Income Tax Return (ITR) Filing
Old Pension Scheme employees (joined before 2004): pension is fully exempt up to commuted portion. New Pension Scheme (NPS): contributions u/s 80CCD(1B) extra ₹50,000 deduction. Housing quarter perquisite: 7.5%-15% of salary + actual rent.
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Free consultation with a CA who has worked with tneb / govt power sector employees.
Why this matters for tneb / govt power sector employees
TNEB (Tamil Nadu Electricity Board), TANGEDCO, NTPC, BHEL, NLC India and other power-sector PSU employees enjoy Form 16-driven simple ITR with NPS Tier-1 tax-saving (Section 80CCD), housing-quarter perquisite valuation, and pension contribution (statutory ~10%). FilingLab handles ITR-1 for salaried PSU employees, helps with HRA exemption (when applicable), Section 80C / 80CCD optimisation, and capital-gains schedule if you trade outside salary.
Audience-specific note
Old Pension Scheme employees (joined before 2004): pension is fully exempt up to commuted portion. New Pension Scheme (NPS): contributions u/s 80CCD(1B) extra ₹50,000 deduction. Housing quarter perquisite: 7.5%-15% of salary + actual rent.
Computation under both new and old regime
ITR-1 to ITR-7 (all forms)
26AS / AIS / TIS reconciliation
Capital gains (LTCG / STCG, Section 112A)
Section 80C / 80D / 80G claims
Refund tracking with monthly status update
Basic notice response (defective return, intimation 143(1))
From your Form-16 to a credited refund — a clean, named-CA process.
You
FilingLab
Govt
Bank
01
You
Income docs
You upload Form 16, bank statements, capital gains broker reports.
1 day
02
FilingLab
26AS / AIS reconciliation
We pull your 26AS, AIS, TIS from the IT portal and reconcile against your records.
1 day
03
FilingLab
Regime comparison
New vs old regime computed. We pick the lower-tax option for you.
Same day
04
FilingLab
ITR filing + e-verification
Return uploaded on incometax.gov.in; e-verified via Aadhaar OTP.
1 day
05
Govt
CPC processing
CPC reviews; intimation u/s 143(1) issued.
15–30 days
06
Bank
Refund credit
Refund credited directly to your bank account.
15–45 days
01
You
· 1 day
Income docs
You upload Form 16, bank statements, capital gains broker reports.
02
FilingLab
· 1 day
26AS / AIS reconciliation
We pull your 26AS, AIS, TIS from the IT portal and reconcile against your records.
03
FilingLab
· Same day
Regime comparison
New vs old regime computed. We pick the lower-tax option for you.
04
FilingLab
· 1 day
ITR filing + e-verification
Return uploaded on incometax.gov.in; e-verified via Aadhaar OTP.
05
Govt
· 15–30 days
CPC processing
CPC reviews; intimation u/s 143(1) issued.
06
Bank
· 15–45 days
Refund credit
Refund credited directly to your bank account.
Perquisite valuation per Rule 3 — 7.5% of salary if population <10 lakh, 10% for 10-25 lakh cities, 15% above 25 lakh. Subtract any rent recovery.
Tier-1: Section 80CCD(1) up to ₹1.5 lakh + 80CCD(1B) extra ₹50,000 + 80CCD(2) employer contribution up to 14%. Tier-2: voluntary, no tax benefit but withdrawable anytime.
Free electricity perquisite is taxable at FMV. Many PSUs report it on Form 16 — check Section 17(2).
Also for tneb / govt power sector employees