pension received by govt employee after retirement
will it get standard deduction rs. 50000
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Salary standard deduction
Replies (2)
Quick Summary
Yes, pension received is taxable as salary, it will qualify for the standard deduction.
Uncommuted pension is taxable whereas commuted pension is fully exempt for a govt employee
Std deduction is available against the taxable pension income
Std deduction is available against the taxable pension income
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