is military pension taxable income?.if it is..
in what head
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taxable income
Replies (5)
Pension is taxable under the head salaries in your Income Tax Return.
for reducing tax liablity you can commuted some portion of your pension. For a government employee, commuted pension is fully exempt. Balance pension is only taxable
thank you..what is the section for taxable income
Section 10(10A)
thank you sir
| Originally posted by : Madasamy Arumugachamy | ||
 |
is military pension taxable income?.if it is..in what head |  |
Yes, it is taxable under the head Income from Salaries.
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