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Family pension
Is there any tax exemption for family pension received to a salaried employee ? If so how much and under which section?
Replies (3)
No exemption, family pension is taxable if above BEL
i think there is deduction u/s 57.......that to 1/3rd of f.p...
15000 or 1/3rd of family pension whichever is lesser can be claimed as deduction
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