Deduction in family pension
Dhruv Shah (Article Student) (357 Points)
08 July 2017
The limits given for deduction in respect of family pension u/s 57(iii) is per annum or per month???
Dhruv Shah (Article Student) (357 Points)
08 July 2017
CA Prashak Kumar Goyal
(Pratice)
(192 Points)
Replied 08 July 2017
In the case of income in the nature of family pension, a deduction of a sum equal to
a) One-third per cent of such income
or
b) Fifteen thousand rupees,
whichever is less, Per Annum
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