Pension taxability
This query is : Resolved
07 May 2010
Can pension be taxable under Income from other sources since there exists no employer-employee relation at the time of receipt of such income?
07 May 2010
No, pension can only be taxed under Salaries. You receive pension because you rendered services to the employer in past, hence complete connection of Employee - employer is established.
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07 May 2010
self pension is only taxed in Salary head.
family pension is taxed under income from other sources. No change allowed in this.
family pension is taxed under income from other sources. No change allowed in this.
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13 May 2010
self pension is chargeable under salary head because you rendered service in past that is why employer is giving you pension. but family pension is taxable in other sources as there is/was no employer-employee relation.
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13 May 2010
only family pension is taxed under income from other sources.
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