Disability Pension
RAJARSHI (CA-Finalist Entrepreneur ) (574 Points)
20 July 2017RAJARSHI (CA-Finalist Entrepreneur ) (574 Points)
20 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168968 Points)
Replied 20 July 2017
The disability pension given to Armed Forces Personnel are having two components-disability element & service element. Both are tax free vide Ministry of Finance notification read with clarification from CBDT and also there can not be any TDS as the amount is fully tax free.
You may decare it under 'exempt Income; Schedule 'EI" of an ITR.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)