I am 33 yrs old. My wife expired and she was working in postal department. We had a son (5 yrs old now) and I am receiving a family pension for him as guardian. Also I am remarried and working in IT and has taxable income.
1. Do I need to file income tax along with my son’s pension income? Is pension income exemptible from tax calculation?
2. If I invest this pension income in my son’s name in RD, FD etc., should the interest gained be clubbed with my income while filing?