Mr.X is a retired government employee.He receives monthly pension of Rs.34,000.In Nov 2018 he received a pension in advance amounting to Rs.10,00,000.From Dec 2018 he started receiing monthly pension of Rs.24,000.How is the tax treatment for the same.
He pays rent.Can he claim deduction under section 80GG
Monthly pension is taxable u/h Salary as usual.
Commuted pension is exempted in case of Government employee or employee of local authorities or statutory corporation[section 10(10a)(i)].
No he cannot claim 80GG exemption.
Though matter of litigation; but generally to be claimed by an assessee having employment or doing business/profession.
Family Pension by Mrs X is not to be clubbed with her Salary. In ITR1 - the individual will have to select 'Family pension' from the drop-down under Income from other sources.
In ITR2- one has to enter Family Pension in Schedule OS.
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