A lady received a family pension for her son's(air force employee) death.
Amount is taxable or not.
if deduction applied what section...
if exemp or partially exempt what section....
Is it one time commuted or periodical uncommuted pension?
It is taxable......subject to Rs 15,000 or 1/3rd of the uncommuted pension received ---(whichever less) is exempt from tax.
While filling data of family pension received under 'IFOS' .... net figure is to be declared.
& in..... Schedule.... 'Taxes Paid & Verification' Sr. no. 27d .....
Select...... sec. 10(19)... Family Pension Received..
My Pleasure ...
No. Only net figure after the deduction is filled in the column..
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