Pension income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2013
Is pension income comes under salary income or income from other sources
30 September 2013
income from other sources
30 September 2013
Generally, pension comes under 'income from salary'. Please refer section 17 (1)(ii) of the Income tax Act,1961.
But,in the case of 'family pension' it has to be offered under 'income from other sources' subject to deduction u/s 57(iia) of the said act.
But,in the case of 'family pension' it has to be offered under 'income from other sources' subject to deduction u/s 57(iia) of the said act.
30 September 2013
Yes agree with Chackrapani sir, It comes under salary Income.
30 September 2013
Agree with Experts,
Pension received will be taxable under the head Salary...
Pension received will be taxable under the head Salary...
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