Tax deduction for pension received from feb 12 to oct 13
This query is : Resolved
17 March 2014
My Mother is working as lecturer in a pvt college and she retires two years back. Now she received pension from Feb 12 to Oct 13, Is it taxable during the FY 2013-14 period. No gratuity is received.
PENSION AND DA WEF 01/02/12 to 31/10/13
TOTAL RS 8,10,262/- D.C.R.G. 6,00,000/-
CVP RS 7,21,624 PAID ON DATE….6 NOV 2013
PENSION AND DA WEF 01/02/12 to 31/10/13
TOTAL RS 8,10,262/- D.C.R.G. 6,00,000/-
CVP RS 7,21,624 PAID ON DATE….6 NOV 2013
18 March 2014
1. The income is taxable in the current year.
2. However, you can avail relief u/s 89(1) for the arrears.
2. However, you can avail relief u/s 89(1) for the arrears.
18 March 2014
Thanks you, I will work this. u/s 89 (1) relief means the difference between the respective years and the current year on tax?
18 March 2014
Yes the relief is the amount of tax difference.
18 March 2014
Thanks you Siddharth, final clarification on this. Is any percentage of pension received for the arrears to be considered for taxable income or it should be entire pension amount received for the period
18 March 2014
The entire amount has to be considered. Calculation for proportionate amount shall be made while computing relief u/s 89.
18 March 2014
Yes. Understood, I do work respective year basis for tax relief. Thanks a lot.
18 March 2014
You are welcome. You should use the thanks button to convey your thanks.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Unregistered suppliers utility
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- TDS AND ITR ISSUE
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- GST Rate for Catering Services
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
