Relief u/s 89(1)
This query is : Resolved
30 July 2014
Is relief u/s 89(1) available to Pensioners on arrears of pension received.
30 July 2014
if that forms part of taxable salary then yes and if its exempted then not.
30 July 2014
relief u/s 89(1) for the arrears of pension received would be granted to pensioners who received their pension from, a nationalised bank and in other cases their present Drawing & Disbursing Officers. Similarly, deductions from the amount of pension of standard deduction and adjustment of tax rebate u/s 88 and 88B shall be done by the concerned bank, at the time of deduction of tax at source from the pension, on furnishing of relevant details by the pensioner.
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