Income tax from family pension
This query is : Resolved
Jamal Sait
(Querist)
22 January 2016
we didn't receive family pension for 2 years, and we got all the arrears lump sum of 4 lakh rupees. now the the total income goes above 5 lakh rupees, will I get any tax exemption on family pension?
I appreciate your response.
Guest
Guest
(Expert)
22 January 2016
There is tax relief in case of arrears of pension. So there will be significant tax savings.
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