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pension income exempt

This query is : Resolved 
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(Querist)
31 January 2009
if any army officer(armed force) receive pensions his total pension income is exempt if exempt in which section .
or return to be filled ITR-1 OR ITR-2
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C A GROUP COACHING

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C A GROUP COACHING (Expert)
31 January 2009 In my opinion your understanding of pension income as exempt is wrong, but pension Income is to be treated as salary income.
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K V Subba Rao

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K V Subba Rao (Expert)
01 February 2009 It is not exempt.

Only pension received by family members is exempt
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 February 2009 If the army officer is a gallantry award holder (Ashok chakra, Kirti Chakra,Shaurya Chakra,etc., altogether 15nos)then the pension received is tax free u/s 10(18)(i) of The Income Tax Act,1961. This is with effect from 1/4/2000.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
08 February 2009 ITR-2 is to be filed.
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