hi,
My father was a state govt. employee.After his death we claimed for family pension.It was claimed in 2010 but the claimed passed in 2012. My questions are
1) death cum retirment Graduity is taxable?
2) As the pension is delayed, govt gave sum of 1.5 year's pension in single payment...is it taxable?
3) Regular family pension is taxable?
Thanks.
1. Death cum Retirement Gratuity of a govrenment Employee is not taxable.
2 & 3. Family Pension is taxable subject to deduction of 33% or Rs. 15000 whichever is lower.
As per my knowledge and replys
1. Death cum Retirement Gratuity of a govrenment Employee is fully extempt for tax
3 Regular family pension is taxable under income from other sourses.
As per IT rules section 10(10) .
Please reply for question no 2. and any other information for question 1 and 3.
Thanks..
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