Income tax on pension arrears

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27 Points Posted on 25 July 2023
Hii,
kindly advice if the tax is applicable on arrear amount..
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On 25 July 2023 at 12:24 Report
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This discussion clarifies whether tax is applicable to pension arrears. It addresses a specific case where a relative received a significant sum of 10 lakh in arrears over ten years, alongside a new pension payout of 4.80 lakh per annum. The consensus is that tax is indeed applicable to these backdated pension payments.

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ACCOUNTS MANAGER
2213 Points Posted on 25 July 2023

Please elaborate your question .

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On 25 July 2023 at 12:29
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norton
35 Points Posted on 25 July 2023

Please elaborate your question .

 

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On 25 July 2023 at 13:32
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27 Points Posted on 25 July 2023
One of my relative got arrears of 10 lac towards last 10 years of arrears amount.. after new pension payout he is getting 4.80 lac PA. arrear amount he got after tax deduction..
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On 25 July 2023 at 13:59
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ACCOUNTS MANAGER
2213 Points Posted on 25 July 2023

Yes, tax will be applicable for that .............. .........

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On 25 July 2023 at 14:33
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27 Points Posted on 25 July 2023
Total amount or increased pension only means 10+ old pension or 4.80 lac
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On 25 July 2023 at 14:39

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