Pensioners related

This discussion clarifies tax implications for individuals receiving two pensions, one personal and one family pension. While a standard deduction is typically available for the personal pension under salary income, the family pension is treated as income from other sources. A specific exemption applies to family pensions, allowing for the deduction of ₹15,000 or one-third of the pension received, whichever is less. Both pensions need to be declared and taxed accordingly.