EASYOFFICE

Pension exemption related query

This query is : Resolved 

26 July 2013 I am an Ex Serviceman and drawing pension.
Pl intimate whether defence pension is exempted from IT. i m getting basic pus disability pension. so is disability pension exempted from income tax . and if yes under which section ?

I am now a pvt company employee also. My present salary is taxable but should I include my pension (Full/commuted) with my present salary for taxation ?

Please guide how to calculate my tax.

26 July 2013 Disability pension from defence is fully exempted from tax refer :INSTRUCITON NO 2/2002 F. No. 200/51/99-ITAJ

any uncommuted pension received by Govt employee is fully taxable and Commuted pension received by employee is fully exempted u/s.10(10A) Yes now you have to add the private salary and uncommuted pensions received as Income from salary and calculate your tax liability and pay tax accordingly after adjust the TDS deducted if any



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries