Query regarding family pension from rbi
Kushang Thakkar (Practising) (138 Points)
04 August 2016Kushang Thakkar (Practising) (138 Points)
04 August 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 05 August 2016
It will be taxable under the head ‘income from other source’ .under section 57(iia) a standard deduction shall be allowed to the legal heir @ 33.333% of such pension or Rs. 15,000, whichever is less.
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