Whether pension of state government employee is exempt
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2016
Hi
My mother is retired employee of State Government of Maharashtra. Is monthly pension received is exempt from tax.
Please advise me... Thanks in advance
My mother is retired employee of State Government of Maharashtra. Is monthly pension received is exempt from tax.
Please advise me... Thanks in advance
03 September 2016
Sir, uncommuted pension that you receive us fully taxable
But commuted pension in case of govt employee or employee of local authority is fully exempt if commutation is as per their rules
Hope it is clear
But commuted pension in case of govt employee or employee of local authority is fully exempt if commutation is as per their rules
Hope it is clear
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Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2016
Dear Sir,
Thanks... so monthly pension received will liable to tax under income from salaries as per existing income tax slabs
please confirm my understanding
Thanks... so monthly pension received will liable to tax under income from salaries as per existing income tax slabs
please confirm my understanding
03 September 2016
Yes
The monthly pension received by the pensioner herself will be taxed under salary
The monthly pension received by the pensioner herself will be taxed under salary
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