Deduction from family pension
This query is : Resolved
Hari Pal Gupta
(Querist)
05 September 2013
plz inform the amount of deduction from family pension
CA Dhaval Patel
(Expert)
05 September 2013
It is taxable in the hands of recipients under section 56 under the head “income from other sources”. Standard deduction is available under section 57 which is 1/3 of such pension or Rs. 15000, whichever is lower.
Hari Pal Gupta
(Querist)
07 September 2013
CA DHAVAL PATEL
THANKS 4 REPLYING MY QUERY
HARI PAL GUPTA
THANKS 4 REPLYING MY QUERY
HARI PAL GUPTA
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