Taxability of Monthly pension
This query is : Resolved
25 September 2010
My client being an Individual who is retired Cournal Army Officer from Defence Ministry.He is getting Monthly Pension Rounded off Rs.15000/- from Government of India (Defence Ministry Deptt.)
Now query is whether the said Pension is taxable under salary head or exempt from tax by virtu of section 10 of I.T. Act.
Please confirm & revert back.
Now query is whether the said Pension is taxable under salary head or exempt from tax by virtu of section 10 of I.T. Act.
Please confirm & revert back.
25 September 2010
Pension received by him is taxable as salary
Pension received by his family members after his demise will be taxable as family pension under Income from other sources
If however he has received any gallantry award his pension/family pension will be exempt by virtue of sec 10(18)
Pension received by his family members after his demise will be taxable as family pension under Income from other sources
If however he has received any gallantry award his pension/family pension will be exempt by virtue of sec 10(18)
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
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
