SALARY, PENSION TO EX MP, MLA, FREEDOM FIGHTER
This query is : Resolved
Sunil Bhat
(Querist)
30 October 2009
WHETHE SALARY, PENSION TO EX MP, MLA, FREEDOM FIGHTER IS EXEMPT FROM TAX
CA SANJAY MUKHERJEE
(Expert)
30 October 2009
"185. Salary received by Members of Parliament - Whether chargeable to tax under the head “Salariesâ€
The salaries of Members of Parliament are governed by the Salaries and Allow-ances of Members of Parliament Act, 1954. It is undeniable that a Member of Parliament is not an employee of the Government. Therefore, the salary received by him as M.P. will not be chargeable to income-tax under the head “Salaries†but as “Income from other sources†under section 56 of the Income-tax Act."
Letter : F. No. 40/29/67-IT(A-I), dated 22-5-1967.
The salaries of Members of Parliament are governed by the Salaries and Allow-ances of Members of Parliament Act, 1954. It is undeniable that a Member of Parliament is not an employee of the Government. Therefore, the salary received by him as M.P. will not be chargeable to income-tax under the head “Salaries†but as “Income from other sources†under section 56 of the Income-tax Act."
Letter : F. No. 40/29/67-IT(A-I), dated 22-5-1967.
CA SANJAY MUKHERJEE
(Expert)
30 October 2009
Pesion to freedom fighter is tax free under Sec 10(17A)
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