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family pension tds
in Indian railway family pension is taxable & get refunds it.fixed deposit interest taxable for family pensioner?
Replies (2)
Pension is taxable under head 'salaries'
& yes, FD interest is taxable under 'Income from other sources' to all assessee.
Family pension is taxable as "Income from other sources". A deduction of Rs 15000 is available from family pension. Interest on Fixed deposit is also taxable as "Income from other sources".
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