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.
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).
CAclubindia
