Income tax deduction on monthly finance assistance
This query is : Resolved
09 August 2021
Sir, with due respect I want to know that after the death of a GOVERNMENT employee INCOME TAX CAN BE DEDUCTED FROM THE MONTHLY FINANCE ASSISTANCE GRANTED TO SPOUSE OF DECEASED
09 August 2021
Income received by widow of deceased person who died while in Government service) as Monthly Financial Assistance from Government is not chargeable to tax whether it is received on monthly basis or lumps sum basis. It is not income as such, the receipts of financial assistance is not chargeable to tax
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