Income from pension head

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Querist : Anonymous

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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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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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