Dear Sir
I am working in nationalized bank,i have few question regarding TDS to be deducted on pension received by pensioners:-
1.Whether standard deduction is applicable for all pensioner .I.e should i deduct 40000 from gross salary to get taxable salary,are family pensioner are eligible standard deduction.
2.What is income tax rebate under sec 87a for pensioner
3.Should i deduct TDS of family pensioners.
Early reply will be appreciated
Thanks and Regards
Harish Kumar