banner_ad

Is pension arrear exempt from tax

535 views 2 replies

For a Peson Employed with State Gov who retired on Jan 31 2013 , the Pension payment started on August 2013 after a delay of 6 month for processing the papers . The Pension for Feb - June ( 6 months ) was paid as Arrears in August 2013 . is this amount Taxable ? 

Replies (2)

https://www.lessmytax.com/relief-on-salary-arrears-or-advance-gratuity-pension-family-pension/

 

go to this link.

you have two options.... 1. income of feb nd march to be shown on accrual basis for FY 12-13....... 2. include such arrear as income of FY 13-14 and claim relief u/s 89(1). choice is yours. either way you will be paying tax that would have been payable in 12-13.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details