please let me know the taxability of AMOUNT OF GIS RECVD. BY GOVT. EMPLOYEE WIDOW ON BEHALF OF HER DECEASED GOVT. EMPLOYEE HUSBAND.
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Quick Summary
This discussion clarifies the taxability of Government Insurance Scheme (GIS) amounts received by a widow on behalf of her deceased government employee husband. The consensus is that such payments are fully exempt from tax under Section 10 of the relevant tax laws.