Tax liability on pension income

This query is : Resolved

krunal patel (Querist)
Follow

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..

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

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.

krunal patel

krunal patel (Querist)
Follow

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

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

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

krunal patel

krunal patel (Querist)
Follow

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

25 November 2014 You can file itr2.
.
.
.

krunal patel

krunal patel (Querist)
Follow

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

25 November 2014 You are most welcome.
.
.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

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

Message likes : 1 times

krunal patel

krunal patel (Querist)
Follow

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. Urmila Mahalwal

Dalbir Singh Wadhera

Rajesh

RAGHUNATH KASIBHOTLA

SARAVANAN PALANISAMY

Subscribe Now

Tax liability on pension income

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

Article Assistant

CA Final

GST CONSULTANT

GST CONSULTANCY