Tax on family pension
This query is : Resolved
29 July 2017
My mother is a PSU Employee and she is recieving a family pension of Rs. 1037 p.m. (12144/annum). Family pension is taxable under income from other sources. However a deduction of 1/3 of pension or 15000 whichever is lower is allowed. So in this case how to file itr as here the pension itself is lower than 15000?
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