pension of a army retired person is taxable
This query is : Open
soran singh
(Querist)
26 July 2017
hello every one
can u please tell me that an Indian army person get pension in his bank account is taxable or not.
secondly if he do private job after retirement then how can I calculate his total income. for file itr.
Rahul varshney
(Expert)
26 July 2017
Family pension received by the family members of armed forces- fully exempted under section 10 (19)
Pension (received by the employee after retirement but during his life time, in any other cases :-
• Uncommuted Pension is taxable as salary under section 15 in the hands of a Government employee as well as a non-Government employee;
• Any commuted pension received by an employee of the central government, state government, local authority or statutory corporation is wholly exempt from tax under section 10 (10A) (i).
Pension (received by the employee after retirement but during his life time, in any other cases :-
• Uncommuted Pension is taxable as salary under section 15 in the hands of a Government employee as well as a non-Government employee;
• Any commuted pension received by an employee of the central government, state government, local authority or statutory corporation is wholly exempt from tax under section 10 (10A) (i).
soran singh
(Querist)
04 August 2017
thanks rahul ji
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
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Reward for festival
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Appointment of Auditor By Form ADT-1
- Capital gain on commercial property and investment in residential property
- Gift to nri relatives resides in usa
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
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
