18 February 2015
Hello Sir, does the pension income received by retired military employee is taxable in his hands. The person himself is receiving the pension income which is credited in his bank account. The bank has deducted TDS from such pension income.
So whether such pension income received by the retired ex-military employee is fully exempt? or taxable?. Further the TDS deducted can be claimed as refund.?If the full pension income is exempt from tax, then how it should be disclosed in ITR form.?
Also which ITR form should be filed.? and such TDS deducted should form part of Form 16 or Form 16A.?
CAclubindia
