Tax liability on pension income

This query is : Resolved 

25 November 2014 one of my frnd Mother(60 year) receive total uncomputed pension for the F.Y 2013-14 Rs 557937/- as per mention below.
1) Has own pension :- 222561/-
2) Has husband pension due to death: 335376/-

she has not invest money under which she can take advantage U/S 80C.
Plz Reply me what is Tax Liability in this case??
or how i can reduce tax liability in above case?? plz help me..

25 November 2014 01. Her own pension is taxable.
02. Not clear as to what you mean by she received UNCOMPUTED pension of her husband due to death....Please clarify. It seems she received the amount standing to her husband's credit in pension account.

25 November 2014 i mean she is also receive her husband pension in her account every year..so its also taxable???

25 November 2014 Husband is dead, no more. right?

Then is it family pension? If it is family pension, it is taxable

25 November 2014 yes..its is family pension...which form are Applicable.. ITR1 or ITR 2??

25 November 2014 You can file itr2.
.
.
.

25 November 2014 ok sir..thanks for help..

25 November 2014 You are most welcome.
.
.

25 November 2014 You may also claim Rs. 15,000 as deduction u/s 57(iia) from the family pension.

25 November 2014 thank u so mch sir..


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query