12 June 2019
Sir, after death of my husband, an employee in Oil India Limited, I have received the following amounts from the employer :during FY 2018-19: a) Provident Fund Settlement - 56,81,952/- b) Provident Fund Arrear - 7,976/- c) Gratuity - 10,00,000/- d) Monthly Pension - 4,24,896/- e) Monthly pension under OIL superannuation Benefit Scheme Fund - 46,722/-
Please guide me as to which above amounts are taxable and which are exempted ? Someone told me that , Srl. No. a, b,c and e are exempted under various sections and only srl.no. d) is taxable.