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....
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family pension taxable or not
Replies (9)
Is it one time commuted or periodical uncommuted pension?
ordinary family pension per month..
30% of basic and with dearness allowance
30% of basic and with dearness allowance
It is taxable......subject to Rs 15,000 or 1/3rd of the uncommuted pension received ---(whichever less) is exempt from tax.
it means maximum 15000 is exempt.
where shows 15000 in itr1..
section.....?
where shows 15000 in itr1..
section.....?
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..
so thanks sir.. confusion solved
My Pleasure ...
while filling column IFOS, maximum 15000 (whichever applicable) is added to net figure of pension or not..
No. Only net figure after the deduction is filled in the column..
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