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Pension

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29 March 2010 Whether monthly pension received by a retired armyman from central government is taxable?

29 March 2010 is exempted under Sec10A(i)according to the said section

any payment in commutation of pension received under the Civil Pensions (Commutation) Rules of the Central Government or under any similar scheme applicable to the members of the civil services of the Union or holders of posts connected with defence or of civil posts under the Union or to the members of the all-India services or to the members of the defence services or to the members of the civil services of a State or holders of civil posts under a State or to the employees of a local authority or a corporation established by a Central, State or Provincial Act is not chargeable to tax

29 March 2010 Monthly pension of defense personnel is taxable under the head "Income from salary" since section 10(10A)
or section 10(19) are not applicable for the given case.




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