pension recivied by widow of government employee.
shubham puranik (4 Points)
18 November 2017
specail provisions related to taxability and exemptions regarding pension recivied by widow.
shubham puranik (4 Points)
18 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160690 Points)
Replied 19 November 2017
It shall be treated as family pension and chargeable under the head other source of income.
Allowable deduction is 1/3rd of the pension or Rs. 15,000/- whichever is lower.
Taxability subject to threshold limit and slabs of tax applicable to concerned individual.
For details refer: https://www.caclubindia.com/articles/pension-overview-11404.asp
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