Taxation on money obtained after death of husband
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 April 2013
Dear Sir
My mother has received the following on my fathers death.
1. Ppf money maintained by my father.
2. Death grant
3. Money as family pension of about 28000 per month.
Kindly advise me on tax treatment of the above. My mother is not working.
My mother has received the following on my fathers death.
1. Ppf money maintained by my father.
2. Death grant
3. Money as family pension of about 28000 per month.
Kindly advise me on tax treatment of the above. My mother is not working.
CMA Ramesh Krishnan
(Expert)
29 April 2013
PF & Death grant will be exempted, Monthly family pension is taxable under the head other sources after deduction of 33 1/3 % of such Pension received OR Rs. 15,000/- whichever is less
12 June 2013
If it is commuted pension then a part is taxable in the hands of your mother. For other matters I agree with the experts
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