pension of a army retired person is taxable
This query is : Open
26 July 2017
hello every one
can u please tell me that an Indian army person get pension in his bank account is taxable or not.
secondly if he do private job after retirement then how can I calculate his total income. for file itr.
26 July 2017
Family pension received by the family members of armed forces- fully exempted under section 10 (19)
Pension (received by the employee after retirement but during his life time, in any other cases :-
• Uncommuted Pension is taxable as salary under section 15 in the hands of a Government employee as well as a non-Government employee;
• Any commuted pension received by an employee of the central government, state government, local authority or statutory corporation is wholly exempt from tax under section 10 (10A) (i).
Pension (received by the employee after retirement but during his life time, in any other cases :-
• Uncommuted Pension is taxable as salary under section 15 in the hands of a Government employee as well as a non-Government employee;
• Any commuted pension received by an employee of the central government, state government, local authority or statutory corporation is wholly exempt from tax under section 10 (10A) (i).
04 August 2017
thanks rahul ji
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