SALARY, PENSION TO EX MP, MLA, FREEDOM FIGHTER

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Sunil Bhat

Sunil Bhat (Querist)
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30 October 2009 WHETHE SALARY, PENSION TO EX MP, MLA, FREEDOM FIGHTER IS EXEMPT FROM TAX

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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30 October 2009 "185. Salary received by Members of Parliament - Whether chargeable to tax under the head â€œSalariesâ€

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 â€œSalariesâ€ but as â€œIncome from other sourcesâ€ under section 56 of the Income-tax Act."

Letter : F. No. 40/29/67-IT(A-I), dated 22-5-1967.

CA SANJAY MUKHERJEE

CA SANJAY MUKHERJEE (Expert)
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30 October 2009 Pesion to freedom fighter is tax free under Sec 10(17A)

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