Is pension income of a retired public sector bank employee taxable/exempt U/s-10(18) of the ITax Act, 1961? Are they considered to be just like central/state govt employees?
Pls guide,
Thank you.
Sneha Ramakrishnan (Self employed) (81 Points)
29 July 2016Is pension income of a retired public sector bank employee taxable/exempt U/s-10(18) of the ITax Act, 1961? Are they considered to be just like central/state govt employees?
Pls guide,
Thank you.
CA Deepesh Ruhela
(Keen to Learn)
(3271 Points)
Replied 29 July 2016
Bank employee can't be considered as a Goverenment employee.
Regards,
CA. Deepesh Ruhela
Sneha Ramakrishnan
(Self employed)
(81 Points)
Replied 29 July 2016
This means that the pension income of the above said person is taxable although he/ she is in the public sector?
Thank you.
NV KIRANKUMAR REDDY
(student)
(123 Points)
Replied 29 July 2016
NV KIRANKUMAR REDDY
(student)
(123 Points)
Replied 29 July 2016
Sneha Ramakrishnan
(Self employed)
(81 Points)
Replied 29 July 2016
Thank you very much. It was a big help.
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