Income from pension head


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Querist : Anonymous

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Querist : Anonymous (Querist)
24 June 2017 Dear Sir

How to calculate income from pension as per form no 16? for senior citizen?

24 June 2017 Income received per month or on retirement.

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Querist : Anonymous

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24 June 2017 Total amount received as per bank 4211982 but Form 16 part B annexure showing 271182. which one i have to mention ITR?

24 June 2017 This amt received lumpsum on retirement or either on monthly basis.

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Querist : Anonymous

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24 June 2017 monthly basis received


24 June 2017 Whole amt is taxable i.e. 4211982.

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Querist : Anonymous

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24 June 2017 Thank you Madam.....

24 June 2017 Always welcome.............

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Querist : Anonymous

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24 June 2017 Madam Sorry another question Other allowances is

Taxable or exempt from income tax salary head ?

24 June 2017 Other allowances are always taxable.

It depends on allowance is it taxable or not.

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Querist : Anonymous

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24 June 2017 If there any exemption limit . how to calculate this? if there any link please paste it

25 June 2017 https://www.bankbazaar.com/tax/taxable-non-taxable-allowances-for-salaried-individuals.html


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