Pension Arrears

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Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2010 Is pension arrears for last year is taxable. As one my client get it due to 6th Pay commission. what will be treatment for it.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 September 2010 Pension arrears is taxable. But tax burden can be reduced,in certain cases, if section 89(1) of the Income tax Act,1961 is followed.

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2010 in which caseit will not taxable.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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26 September 2010 Certain cases means,if pension is covered under section 57(iia),relief under section 89(1) can be claimed.

Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2011 Thankyou Very Much Expert....:)

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