Taxability of pension


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Querist : Anonymous

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Querist : Anonymous (Querist)
27 July 2011 Whether monthly pension(Uncommuted) recieved from Western railways, a government of India undertaking is taxable under the head salaries?

27 July 2011 Yes, it will be taxable under the head Income from Salaries.

However, Family Pension receivable by any member of the deceased employee will be taxable under the head IFOS.

07 August 2011 yes. it is taxable under salaries head


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