Pension
This query is : Resolved
14 May 2013
sir is pension income received is fully exempt ?
and the amount receive by sahara co. on sudden death will of insurer will be exempt?
and the amount receive by sahara co. on sudden death will of insurer will be exempt?
14 May 2013
Pension received by the pensioner is taxable under Salary Income. if family pension received after death, it is taxable under other sources after getting deduction of 1/3rd of pension or Rs.15000 which ever is lower u/s.57. only family pension received by members of armed forces
Death insurance money received is not taxable
Death insurance money received is not taxable
Guest
Guest
(Expert)
15 May 2013
Moreover, pension received by an individual who has been in the service of the Central Government or State Government and has been awarded "Param Vir Chakra" or "Maha Vir Chakra" or "Vir Chakra" or such other gallantry award,, is also exempt. u/s 10(17)
family pension received by the widow or children or nominated heirs of a member of armed forces is also exempt u/s 10(19)
family pension received by the widow or children or nominated heirs of a member of armed forces is also exempt u/s 10(19)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Exiting partner in partnership firm in gst portal
- CLOSING STOCK QUERY
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- F&O reporting in ITR
- Difff in ais receipts and gst turnover
- ITR 44AD SECTION
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
