Treatment of pension received by wife on death of husband
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2012
The deceased was an employee of MTNL. On his death pension is received by his wife. Request you to give opinion on the treatment and taxability of pension received in the hands of wife.
01 July 2012
It's Family Pension taxable in the hands of the recipient spouse.
.
This income has to be shown under the head Income from Other Sources.
.
She can claim a deduction of 1/3rd of FP amount or Rs. 15000 which ever is less.
.
In case she is having her own income from any other Source also , as a normal assessee , she has to show income under the respective heads.
.
This income has to be shown under the head Income from Other Sources.
.
She can claim a deduction of 1/3rd of FP amount or Rs. 15000 which ever is less.
.
In case she is having her own income from any other Source also , as a normal assessee , she has to show income under the respective heads.
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