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Querist : Anonymous

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Querist : Anonymous (Querist)
21 April 2012 My father who was a govt employee recently expired and my mother who is a house wife is getting a monthly pension of about 21000 per month. Is she liable to pay income tax and file her income tax returns.
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CA CKP

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CA CKP (Expert)
21 April 2012 Yes she has to file her return showing the income under the head "Income from other Sources". She can claim the deduction u/s.57 in respect of such income.
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
21 April 2012 YOUR MOTHER INCOME IS TAXABLE UNDER HEAD INCOME FROM OTHER SOURCES.
DEDUCTION U/S 57.
33.33% OF SUCH INCOME
OR RS 15000
(WHICH EVER IS LESS)
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RONAK DARJI

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RONAK DARJI (Expert)
21 April 2012 agree with CA Praveen Singh...
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 April 2012 Thank you all for the replies. Should Rs 15000 be deducted from yearly income or monthly income
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Asha Kanta Sharmapro badge

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Asha Kanta Sharmapro badge (Expert)
02 August 2024 https://docs.google.com/document/d/1Rol3c0dvpQhioMwPxXUMuVkvyGved2G5K-wb6Fi5hqA/edit?usp=sharing

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