Taxable income

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2017 HELLO
MY OWN PENSION INCOME FOR F.Y. 2016-17 IS Rs. 2,85,983/-
MY FAMILY PENSION INCOME FOR F.Y. 2016-17 IS Rs. 3,97,343/-

Question :
is family pension income is taxable ?
& How can i show both income in ITR ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

17 June 2017 Family pension income is taxable. Show both pension under salary head.

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2017 thank you sir

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

17 June 2017 Family pension may be shown under the head 'income from other sources' against which Ra.15000/- can be claimed as deduction u/s 57(iia) .

Querist : Anonymous

Querist : Anonymous (Querist)

17 June 2017 thank you Mr. B.Chackrapani Warrier

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok