Pension
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2013
When pension fro Army is below Rs.2 Lakh per year and other income as salary from private organisation is Rs. 5 Lakh per Year. Is pension amount to be clubbed with salary or pension is not taxable as in below 2 lakh limit ?
Dintakurthi Tirumala
(Expert)
26 March 2013
Both incomes has to club and then decide tax liability. Basic exemption limit is available for each individual but not for each income.
Thus the army's gross total income is Rs.7 lacs(Salary + Pension).
OM SAI SRI SAI JAI JAI SAI
Thus the army's gross total income is Rs.7 lacs(Salary + Pension).
OM SAI SRI SAI JAI JAI SAI
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