Family pension deductions
This query is : Resolved
Kshitij Chitransh
(Querist)
19 October 2015
As per sec 57 assessee is permitted to deduct 1/3rd of family pension or 15k whichever is lower. Why such deduction is allowed?
CA. Amit G. Chandani
(Expert)
19 October 2015
Since, such pension is paid on death of a pension to his surviving family members, it is shown under Income from other Sources and standard deduction is allowed.
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