Relief u/s 89(1)
This query is : Resolved
yogita mishra
(Querist)
30 July 2014
Is relief u/s 89(1) available to Pensioners on arrears of pension received.
30 July 2014
if that forms part of taxable salary then yes and if its exempted then not.
Vishnu Saboo
(Expert)
30 July 2014
relief u/s 89(1) for the arrears of pension received would be granted to pensioners who received their pension from, a nationalised bank and in other cases their present Drawing & Disbursing Officers. Similarly, deductions from the amount of pension of standard deduction and adjustment of tax rebate u/s 88 and 88B shall be done by the concerned bank, at the time of deduction of tax at source from the pension, on furnishing of relevant details by the pensioner.
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