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Pension from railway is taxable??
pension received from central govt is taxable, if so what is the total deduction
Replies (2)
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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