About exemption in Income tax for communication part of pension.

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12 Points Posted on 16 February 2020
under which section pensioner get rebate in Income tax for communication part of pension ?
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On 16 February 2020 at 13:29 Report
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This discussion clarifies the income tax exemption available for the commutation part of a pension. Section 10(10A) of the Income Tax Act provides specific exemptions. For government employees, the entire commuted pension is exempt. Non-government employees may receive exemptions of either one-third or one-half of the commuted pension, depending on whether they also receive gratuity.

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68 Points Posted on 16 February 2020
I presume you are asking about the commutation part of pension.
Refer sec 10.
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On 16 February 2020 at 22:47
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12244 Points Posted on 17 February 2020
PLS refer section 10(10A)
if you are government employee, the whole commuted pension is exempt
if you are non government employee and you are in receipt of gratuity, 1/3 of commuted pension is exempted
if you are not in receipt of gratuity, 1/2 of commuted pension is exempt
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On 17 February 2020 at 00:05
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504 Points Posted on 18 February 2020
Contact if you want to get GST Input and tax exemption through NGO route.
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On 18 February 2020 at 01:26

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