Computation of taxable income
This query is : Resolved
09 July 2014
I retired from a bank on superannuation on 31/10/2013. Pension for Nov-13 was credited to my bank a/c on 01/12/2013 and similarly pension for Mar-14 was credited to the a/c on 01/04/2014. Pls clarify whether I have to include pension for March-14 to my taxable income as 'pension earned but not received' or can i postpone it to next financial year.
K Bhaskaran.
K Bhaskaran.
09 July 2014
you can postpone the pension to the next financial year. It is better to show income on receipt basis.
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