Poonawalla fincorp
Poonawalla fincorp

Family pension

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 June 2014 I get Rs. 2304/- yearly as family pension after my father’s demise. I am in 10% tax bracket. Can I show 1/3rd of above i.e. Rs.768/- as deduction under section 57 in ITR2?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 June 2014 Yes it can be shown.
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Rupesh Jain

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Rupesh Jain (Expert)
23 June 2014 YES YOU CAN CLAIM DEDUCTION 1/3 OF FAMILY PENSION .
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