Regarding taxable income
This query is : Resolved
30 April 2015
Hello sir,
My uncle was Branch manager of State bank of India, Government employee. His age is 45 years. He had taken VRS last year. Due to completion of 20 Years of services with SBI, he is receiving pension from Said bank.
Now he is working in other bank.
while calculating total taxable income of my uncle for FY 2014-15, Should i take Pension amount as taxable or exempt or partly exempt income ?
Kindly solve my as soon as possible.
My uncle was Branch manager of State bank of India, Government employee. His age is 45 years. He had taken VRS last year. Due to completion of 20 Years of services with SBI, he is receiving pension from Said bank.
Now he is working in other bank.
while calculating total taxable income of my uncle for FY 2014-15, Should i take Pension amount as taxable or exempt or partly exempt income ?
Kindly solve my as soon as possible.
30 April 2015
Take pension amount fully taxable under salary head.
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