Taxable or not
venkata krishna reddy (chartered accountant) 03 February 2016
one of my client, Received Pension Rs.36000/- per month& he is Regd. Govt employee. He is Physically Disabled person.
Sathish M (Management Accountant) 03 February 2016
Pension income is taxable similar to salary and the assessee can claim deduction under section 80 U upto Rs.75,000 who suffers from not less than 40 per cent of any disability (Rs.1,25,000 to a person with severe disability).
venkata krishna reddy (chartered accountant) 03 February 2016
he is Senior Citizen. up to Rs.500000/- he is not liable to TAX?
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