Dear sir, I am Exserviceman and a defence pensioner presently working in PSUs. I want to know my service pension is exempted from income tax, please clarify,
If u are receiving pension so it is not necessary that it is exempted if u have awarded from param veer chakra mahaveer chakar or veer chakra during service then your pension is fully exempted u/s10 and now u are working in PSUs so for this u have to make income tax computation and seeing if salary from PSUs exceeding basic exemption limit then you will take deductions as per chapter VI -A or your balance income after deduction u will pay tax on that income and it is mandatory for u filing return
Sena medal "When awarded for acts of courage or conspicuous gallantry and supported by certificate issued to this effect by relevant service Headquarters
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