Employee provident fund organization - family pension

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Sanjay Toro (Querist)
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03 July 2017 What is tax treatment for monthly payment received from Employee Provident Fund Organization ?

I am Ex employee of Private sector and 59 Years Old. receiving this amount since Dec 2012.

Web search confused me as most are informing that it is taxable to dependent of employee. and should be shown in income from other sources. No one says for this payment to living ex employee.also whether it should be shown in salary of OS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 July 2017 It should be shown in salary.

Sanjay Toro

Sanjay Toro (Querist)
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03 July 2017 OK what about tax treatment ?

Sanjay Toro

Sanjay Toro (Querist)
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03 July 2017 Dear shri Seetharaman,
Thank for your reply I understand I can get b1/3 of it exemption and only 2/3 amout after self deduction to be shown as salary.

Please clarify what shall i mention in name, address , pan of Employer column? as the pension is not received from last employer or any previous one but from Employees Provident fund Organization. .

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 July 2017 Full pension received is to be shown. No 1/3 deduction available. Show previous employer details as the amount is contributed by previous employer.

Sanjay Toro

Sanjay Toro (Querist)
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04 July 2017 thank you sir,
can you tell me 1/3 deduction available to whom?

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