Exemption of pension received by wife after death of husband

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Anurag Jain (Querist)
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09 March 2012 Dear sir
Please tell me if an individual dies while his govt. service and after his death if her wife received pension from employer when she is already in semi govt.service and monthly income is about 30000 p.m. and also wife income is already taxable without including pension then will she pay any tax for that pension amount or if she any kind of special deduction or there is any other rule to get exemption.
Please reply soon

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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09 March 2012 It is Family Pension. Family Pension is exemption 1/3rd of the pension amount received upto maximum of Rs.15,000/-
OM SAI SRI SAI JAI JAI SAI

Abhishek Ranjan Singh

Abhishek Ranjan Singh (Expert)
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10 March 2012 Agree with expert she can get deduction maximum Rs. 15,000/-. Rest pension will be taxable. it will be add in her salary income.
she can declare it to her employer to deduct tds or deposit it as a self assessment tax. one more thing if there is any arrears of previous financial year than she can also get relief u/s 89.

Abhishek Ranjan Singh
ARS Solutions
+91 9022838615
email2ars@gmail.co
www.arssolutions.co.in
www.ars-solutions.web.com

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