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Pension from railway is taxable??
pension received from central govt is taxable, if so what is the total deduction
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Quick Summary
Uncommuted pension or any periodical payment of pension is fully taxable as salary.
Standard deduction of Rs. 50,000/- PA is allowed.
When You Report in your itr show as a uncommuted amt of Pension under the head Income from Salary and a Standard deduction of Rs 50000/- will be allowed
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